Tatas snap biz ties with Cyrus Mistry’s SP group. Another jolt for troubled Mistry?

Tata Sons chairman N Chandrasekaran has reportedly asked all group companies to terminate existing business alliances with Cyrus and Shapoor Mistry’s SP Group. In the backdrop of an acrimonious battle between the two groups, following Cyrus Mistry’s forced exit from the chairmanship of Tata Sons, this comes as the next logical move by the Tatas. Even if it doesn’t mean an immediate business hazard, it is certainly a critical update in the heated corporate battle.

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