Tatas seek removal of Mistry, Wadia from Tata Motors board

  |   India News

Tata Sons has written to the board of Tata Motors seeking an extraordinary general meeting (EGM) to remove Cyrus Mistry and Nusli Wadia as directors.

"... the Company has received a Requisition and a Special Notice dated November 10, 2016 under Sections 100(2)(a) and 115 of the Companies Act, 2013 and the Rules thereunder ('the Act') from Tata Sons Limited - the Company's promoter and shareholder representing 26.51% of the Company's voting capital, for convening an Extraordinary General Meeting of the Company for considering and passing Resolutions for the removal of Mr.

This is the third instance of Tata Sons, the holding company of the $125 billion conglomerate, moving a special resolution to seek the ouster of Mr.

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