Indian Hotels saw near-death experience: Mistry on takeovers
Ousted Tata Sons Chairman Cyrus Mistry refuted his successor N Chandrasekaran's comment on acquisitions done by Indian Hotels Company (IHCL), saying the firm faced a "near-death experience" over last four years and has taken write-downs amounting to nearly its entire net worth. Dividends to shareholders have been impacted and these decisions have put the employees' welfare at risk, he added. 