Monday, 12 December 2016

Tata Industries remove Cyrus Mistry as Director at EGM -The Total Investment & Insurance Solutions

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12 December 2016

Cyrus P Mistry was on Monday removed from the Board of Tata Industries Ltd as Director during an extraordinary general meeting (EGM) of shareholders. The Total Investment & Insurance Solutions

Tata Sons Ltd, the holding company of Tata Group had said that it was compelled to propose the removal of Mistry as the chairman and director of all Tata Companies by convening Extraordinary General Meetings of shareholders that have been scheduled for later this month. The Total Investment & Insurance Solutions


An increasingly bitter corporate war has erupted after Mistry's abrupt ouster as Tata Sons chairman on 24 October 2016, nearly four years in December 2012 after he took over from Ratan Tata, who has been re-appointed as an interim chairman.The Total Investment & Insurance Solutions

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