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6
February 2017
Tata
Sons Ltd, the holding company of the Tata Group on Monday said that a majority
of its shareholders during an extraordinary general meeting (EGM) have voted to
remove Cyrus P Mistry as a Director on its Board. The Total Investment & Insurance Solutions
Last
week, Mr Mistry had approached both the National Company Law Tribunal (NCLT)
and later National Company Law Appellate Tribunal (NCLAT) seeking a stay on the
EGM of Tata Sons. On 13th and 14 February 2017, the NCLT will hear the original
petition filed by two of Mr Mistry’s family-owned firms — Cyrus Investments and
Sterling Investment Corp, challenging his ouster as Chairman of Tata Sons. The Total Investment & Insurance Solutions
Last
year on 24th October, Mr Mistry was ousted as Chairman of Tata Sons following a
boardroom tussle, with chairman emeritus Ratan Tata taking over as interim
chairman.
Recently
Tata Sons appointed Tata Consultancy Services’ (TCS) Managing Director and
Chief Executive N Chandrasekaran as the group’s chairman.The Total Investment & Insurance Solutions
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