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Ratan Tata's rejoinder refers Mistry as a 'Trojan horse' , whose actions and allegations were undignified and not in keeping with the Tata's credit. Cyrus Mistry was appointed in 2012 and removed in October, 2016 by a no confidence board resolution.
Tata Sons Ltd aims to raise funds of $1 Billion estimated investment. In order to fund a fresh equity infusion in holding company.
Mumbai based, Tata Sons is likely to sell its stake of AirAsia India; focusing its resources to Vistara.
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