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Cyrus Mistry removed from Board of Directors of Tata Tele

Shobhit Kalra

Shobhit KalraBy Shobhit Kalra

Published on 14 Dec 2016 10:00 PM GMT

Cyrus Mistry removed from Board of Directors of Tata Tele
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Cyrus Mistry removed from Board of Directors of Tata Teleservices
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Mumbai: Tata Sons' ousted Chairman Cyrus Mistry, on Wednesday, has been removed from the board of Directors of the Tata Teleservices (Maharashtra), the decision taken at an extra-ordinary general meeting (EGM).

Sources close Mistry said that the decision is not surprising at all because Tata Teleservices like TCS entails a supermajority ownership by the Tata Group currently under the control of Ratan Tata.

Over 93 per cent shareholders of TCS had voted to remove Mistry as a Director of the company in an EGM which was held on Tuesday.

Key Highlights:

  • Tata Industries, earlier, had removed Cyrus Mistry from its board of directors.
  • Several other Tata Group companies are also deciding whether or not to remove Mistry from their respective boards.
  • Tata Sons board had ousted Mistry on October 24 and appointed Ratan Tata as the interim Chairman.

Shobhit Kalra

Shobhit Kalra

Writer has 10 years of experience in digital media. Presently working as Chief Sub Editor at newstrack.com. An avid reader and always willing to learn new things and techniques.

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