Mistry further claimed that even after the conclusion of

\ the deal for a Rs 10,000 crore, a series of discussions took\place in the presence of Tata, and trustee NA Soonawala.\ \\"These discussions included much more detailed interaction\with the merchant bankers to the transaction. Soonawala had\strong views on how this listed operating company must\structure its transaction and proceeded to have further\meetings with the merchant banker,\\" he said.\ Since shareholder nod was needed to arrange the funds for\the transaction, the deal was discussed again at the Tata Sons\board.\ \\"On June 30, 2016, Anil Sardana, CEO of Tata Power, made a\detailed presentation to the Tata Sons board. The discussion\covered all aspects of the transaction including the structure\and the Tata Sons board unanimously approved the transaction,\\"\Mistry claimed in the statement.\ The minutes record that Nitin Nohria and Vijay Singh\\\"after discussing the proposal with Tata and Soonawala\\", while\reiterating their view that the proposal should have come to\the trustees earlier, approved the transaction.\ \\"Therefore, to even suggest that the Tata Sons board\including the nominee directors of the Tata Trusts had not\been adequately informed is contrary to the factual record,\\"\he concluded.\ Hitting out at Cyrus Mistry for making \\’unsubstantiated\claims and malicious allegations\\’, Tata Sons yesterday said\the former chairman was fully empowered to lead the group and\its companies but had \\"overwhelmingly\\" lost the confidence of\board members.\ The promoter company of the major Tata group companies\also alleged that Mistry\\’s tenure was marked by repeated\departures from the culture and ethos of the group. PTI BEN\MR\


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