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Cyrus Mistry (54), former chairman of Tata Sons and heir to Shapoorji Pallonji Group, When did passed away?
A)
1st September 2022
B)
2nd September 2022
C)
3rd September 2022
D)
4th September 2022

Correct Answer : Option (D) - 4th September 2022


Cyrus Mistry, former chairman of Tata Sons and scion of the Shapoorji Pallonji group, died in a car accident near Mumbai on Sunday(4th Sep 2022). He was 54.
 
Mistry was travelling from Ahmedabad to Mumbai in a Mercedes car, which hit a road divider and dashed against a retention wall. “The accident took place around 3.15 pm, when Mistry was travelling to Mumbai from Ahmedabad. The accident took place on a bridge over the Surya river at Charoti Naka (120 km from Mumbai).
 
Mistry -- who studied in Cathedral and John Cannon School in Mumbai and London Business School -- became chairman of the Tata group in 2012, after a year-long search by Tata Sons, the holding company of the $103-revenue group. Mistry succeeded Ratan Tata, who retired as Tata group chairman after he turned 75. Cyrus was the sixth chairman of the Tata group and second chairman who did not have the Tata surname. Cyrus joined the Tata Sons board as a director in 2006 and since then was representing Mistry's family on the board.
 
During Mistry's tenure, Tata Power acquired Welspun's renewables energy assets for Rs 10,000 crore -- making the Tatas an early investor in the sector.
 
The Mistry family owns an 18.4 per cent stake in Tata Sons, while the Tata Trusts own a 66 per cent stake in the company; the family's wealth was estimated at $29 billion by Bloomberg..

Source : Business Standard

Published On : September 4, 2022
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