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Monday, Sep 23, 2019

Nusli Wadia voted out from Tata Motors board of directors

Over 70% of the total votes polled on Thursday were in favour of the resolution to remove Nusli Wadia as an independent director from the board of Tata Motors.

india Updated: Dec 23, 2016 12:20 IST

PTI, New Delhi
Nusli Wadia
Nusli Wadia(PTI file photo)

Shareholders of Tata Motors have voted to remove independent director Nusli Wadia from the board of directors.

In the extraordinary general meeting of shareholders on Thursday, 71.20% of the votes polled were in favour of a resolution moved by promoter Tata Sons seeking his removal, according to a regulatory filing by the company.

Read: Tata-Mistry spat shows independence of company directors in India at stake

Of the 293.60 crore shareholders, 69.93% took part in the voting, of which 71.20% voted for Wadia’s removal and 28.8% against.

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

Read: Independent director Nusli Wadia removed from Tata Steel board

First Published: Dec 23, 2016 11:58 IST