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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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