After Tata Steel, Nusli Wadia voted out of Tata Motors board
In the extraordinary general meeting of shareholders held yesterday, 71.20 per cent of the votes polled voted in favour of a resolution moved by promoter Tata Sons seeking his removal, according a regulatory filing by the company.
- Dec 23, 2016,
- Updated Dec 23, 2016 2:55 PM IST
Shareholders of Tata Motors have voted to remove independent director Nusli Wadia from the board of directors.
In the extraordinary general meeting of shareholders held yesterday, 71.20 per cent of the votes polled voted in favour of a resolution moved by promoter Tata Sons seeking his removal, according a regulatory filing by the company.
ALSO READ: How Tata-Mistry's boardroom battle turns into a test case for India's company law
Of the 293.60 crore shareholders, 69.93 per cent took part in the voting, of which 70.20 per cent voted for Wadia's removal and 28.8 per cent against.
On Wednesday, Wadia was removed as independent director from the board of Tata Steel.
Shareholders of Tata Motors have voted to remove independent director Nusli Wadia from the board of directors.
In the extraordinary general meeting of shareholders held yesterday, 71.20 per cent of the votes polled voted in favour of a resolution moved by promoter Tata Sons seeking his removal, according a regulatory filing by the company.
ALSO READ: How Tata-Mistry's boardroom battle turns into a test case for India's company law
Of the 293.60 crore shareholders, 69.93 per cent took part in the voting, of which 70.20 per cent voted for Wadia's removal and 28.8 per cent against.
On Wednesday, Wadia was removed as independent director from the board of Tata Steel.