Tata calls for final meeting to oust Mistry

AFP, MUMBAI:  India’s salt-to-steel conglomerate Tata Sons yesterday cranked up its legal tussle with ousted chairman Cyrus Mistry by calling for a shareholders’ meeting to remove him from its board.
“Tata Sons has called for an EGM on February 6th to remove Cyrus Mistry as the director after receiving numerous complaints from shareholders,” Debashish Ray, a Tata Sons spokesman, told AFP.
Mistry was sacked as chairman of Tata Sons in October and the group sought his ouster from operating companies including Tata Steel, Tata Motors and TCS.
Mistry resigned from the board of six companies last month and dragged Tata Sons and its interim chairman Ratan Tata to the National Company Law Tribunal (NCLT), saying that he had been unfairly sacked.
Tata Sons, the holding company of India’s sprawling $103 billion Tata Group, retaliated with a legal notice last week accusing him of causing “irreparable harm and damage” to the company by making public sensitive documents.

Tata calls for final meeting to oust Mistry

AFP, MUMBAI: Indias salt-to-steel conglomerate Tata Sons yesterday cranked up its legal tussle with ousted chairman Cyrus Mistry by calling for a shareholders meeting to remove him from its board. Tata Sons has called for an EGM on February 6th to remove Cyrus Mistry as the director after receiving numerous complaints from shareholders, Debashish Ray, a Tata Sons spokesman, told AFP. Mistry was sacked as chairman of Tata Sons in October and the group sought his ouster from operating companies including Tata Steel, Tata Motors and TCS. Mistry resigned from the board of six companies last month and dragged Tata Sons and its interim chairman Ratan Tata to the National Company Law Tribunal (NCLT), saying that he had been unfairly sacked. Tata Sons, the holding company of Indias sprawling $103 billion Tata Group, retaliated with a legal notice last week accusing him of causing irreparable harm and damage to the company by making public sensitive documents.