Now, Tata Motors shareholders remove Nusli Wadia from board

Now, Tata Motors shareholders remove Nusli Wadia from board
At the company's 71.20 % of the votes polled voted in favour of a resolution moved by promoter Tata Sons seeking Wadia's removal. Photo of Tata Son's interim chairman, Ratan Tata. Image Source: IANS

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 % 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.

Of the 293.60 crore shareholders, 69.93 % took part in the voting, of which 70.20 % voted for Wadia's removal and 28.8 % against.

On Wednesday, Wadia was removed as independent director from the board of Tata Steel. 

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Written By: PTI
Updated: Fri, Dec 23, 2016
09:41 AM IST
PTI
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