Thursday, 17 November 2016

Tata Sons board meet may discuss removing Mistry's proxy powers


The Board of Tata Sons will be meeting on Thursday, which will be the first meet since the ouster of Mistry, who is likely to have confirmed his attendance to the meeting. The agenda of the meeting reportedly includes discussing earnings of the group companies, overall performance and outlook. Although the independent boards of Tata Motors and Indian Hotels have affirmed their faith in Cyrus as Chairman, Mistry might it difficult to cobble together support from other group companies.
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