Counting on shareholders’ votes and after its Extraordinary General Meeting (EGM), Tata Industries removed Cyrus P Mistry as the company’s director.
Following EGM of Tata Industries today, six other companies -Indian Hotels, Tata Steel, Tata Consultancy Services, Tata Chemicals, Tata Motors and Tata Power – will hold their EGMs in the coming days.
The move came after Ratan Tata, the interim chairman of Tata Group, had written to its shareholders asking their support to remove Mistry as chairman.
Mistry had rejected to step down after he was ousted as the chairman of Tata Sons on October 24, 2016.
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