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Ratan Tata resigns as Chairman, Cyrus Mistry takes charge

MUMBAI: Tata Group chief Ratan Tata on Tuesday stepped down as chairman of Tata Global Beverages with immediate effect, making way for successor Cyrus Mistry, who has also been inducted into the board of Indian Hotels Company.
In two separate filings to the Bombay Stock Exchange, the two firms said the respective meetings of the board of directors decided the changes as per Tata's retirement plans in December 2012.

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