Tata Sons board knew of Mistry's exit strategy for group cos
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Cyrus Mistry was keen to have the dependence on TCS reduced. In a vision document presented to the Tata Sons Board, the ousted chairman had outlined plans to exit some group firms as well, reports Mint , quoting a source. The news put pays to allegations that Mistry didn't have a long-term plan for the group. The discussions on this strategy were part of the minutes of the meetings, the person quoted above told the newspaper.
The strategy outlined in a 40-page document titled 'Tata Strategy 2025' was first presented by Mistry to the Tata Sons board in June 2015. As per the document, Mistry was keen to raise dividend payout to Rs 800 crore by 2020 and then maintain a dividend payout of between 15-25 percent by 2025.
Cyrus Mistry was keen to have the dependence on TCS reduced. In a vision document presented to the Tata Sons Board, the ousted chairman had outlined plans to exit some group firms as well, reports Mint , quoting a source. The news put pays to allegations that Mistry didn't have a long-term plan for the group. The discussions on this strategy were part of the minutes of the meetings, the person quoted above told the newspaper. 
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