Tata Chemicals shareholders on Saturday voted out Nusli Wadia as an independent director of the company with 75.67 per cent votes going in favour of a resolution moved by Tata Sons to remove him at the company’s EGM. According to a regulatory filing by Tata Chemicals, out of the total[Read More…]
Tag: Nusli Wadia
Independent director Nusli Wadia removed from Tata Steel board
Independent director Nusli Wadia has been removed from the Tata Steel’s board on Thursday as about 91 per cent of shareholders present at Wednesday’s EGM, voted in favor of his dismissal. In a regulatory filing, the company said out of its total shares of 97.12 crore, 62.54 crore votes were[Read More…]
Bombay HC tells Tata Sons to keep Wadia’s seat vacant ‘until further orders’
The Bombay high court in an interim order directed Tata Sons to keep one seat of an independent director “vacant until further orders” in each of its companies on Friday. The court was hearing the case between Tata Sons and industrialist Nusli Wadia who serves as independent director. The directions[Read More…]
Ratan Tata trying to save British Steel at the cost of Tata Steel: Nusli Wadia
Nusli Wadia criticized Ratan Tata for ‘destroying’ the tradition built by JRD Tata and working to protect British Steel in a letter to Tata Steel shareholders. Wadia also claimed that Tata Steel was set up by Tata Group founder Jamshetji Tata to fight British Steel. “Ratan Tata is trying to[Read More…]