Thursday, 2nd April, 2020


Cyrus Mistry’s maid found returning packets of Tata salt to local grocery store

27, Oct 2016 By @jurnoleast

Mumbai: Packets of Tata salt seem to be latest victim in the ongoing battle between Cyrus Mistry and the top management at Tata. The maid servant of the ousted Chairman was found returning 3 packets of iodized Tata salt to the local grocery store clearly signaling that the battle has now reached a different level.

Tata Group Deputy Chairman Cyrus Mistry attends the annual general meeting of Tata Steel Ltd., in Mumbai August 14, 2012. Shares in Tata Steel gained 2.7 percent, despite reporting April to June net profit that missed estimates, as operating profit came in above expectations. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS)

Speaking to Faking News, Nanjibhai the store owner said, “Yes, it’s true. Cyrus bhai’s maid servant had come yesterday and she returned packets of Tata salt. Something like this has never happened before. They used to buy only Tata products previously but now they are returning it all back. Since we have ‘no questions asked on return’ policy I didn’t insist on knowing the reason from the maid. But it’s a worrying sign for us too.”

A source close to the Mistry family said that the ex-Chairman wanted to make a statement that ‘Mai Tata ka namak nahi khata’ and give out a strong message to the people who are responsible for his removal.

Stock market reacted sharply to the ‘packet returning’ incident and shares of Tata fell by around 3% in intraday trading. “These are uncertain times for the company. Salt packets are just tip of the iceberg. Who knows what’s in store next,” said a broker.

With Cyrus Mistry declining to speak to the media, news reporters were seen chasing the poor maid servant to get the inside scoop on the incident. Eyewitness say they saw a middle aged woman running across marine drive in Mumbai chased by news reporters.

“I was having my evening walk along marine drive when I saw this woman, who looked like a maid, running towards churchgate station. She was followed by a bunch of news reporters, furiously in pursuit,” said Jiten Parekh, a retired government official.

Tata Sons refused to comment on the incident. Source within the company have revealed that there is a possibility that Mr. Mistry’s latest move could evoke a counterattack from Tata Sons.

“We are closely analyzing his every move. His ‘Full and Final’ is yet to be settled. So in his own interest, it would be better if Mr. Mistry doesn’t resort to such antics,” said a senior official from the company’s legal department.