Tata Motors removes Wadia from board of directors
Authored By Wion Web Desk
Published: Dec 22, 2016, 23:54 IST | Updated: Dec 22, 2016, 23:54 IST
On Wednesday, Wadia was removed as independent director from the board of Tata Steel.
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A majority of shareholders, just over 70%, voted for Tata Sons' resolution to remove the independent director
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, accordingto a regulatory filing by the company.
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.
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On Wednesday, Wadia was removed as independent director from the board of Tata Steel.
(PTI)