Nusli Wadia Tata Chemicals

The high court had on December 16 last year directed Tata Steel, Tata Chemicals and Tata Motors to keep one post of independent director vacant until further orders.

In the latest development in the Tata-Mistry row, shareholders of Tata Chemicals on Friday voted in favour of removal of industrialist Nusli Wadia from the company's board. In another development, Ratan Tata, the patriarch of Tata group, has spoken out on the Mistry feud while Mr Wadia has filed a criminal defamation suit against Tata Sons and othe...

Shareholders of Tata Chemicals have 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 yesterday.

Shareholders of Tata Chemicals have 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 Extraordinary General Meeting or EGM on Friday.

Ratan Tata said there has been a "definite move" to damage his personal reputation in the last two months but truth will eventually prevail howsoever painful the process may be.

Tata Sons own a 29.75 per cent stake in Tata Steel. Mr Wadia who is also a director on the board of other two Tata group companies - Tata Motors and Tata Chemicals - which will also hold shareholders' meetings this week to remove him from their boards.

The Court asked Tata Sons to file a written reply to the suit by January 15 and directed the plaintiffs to submit a rejoinder, if any, by January 25. Next hearing would be on February 6.

Industrialist Nusli Wadia today filed a defamation suit against Tata Sons in the Bombay High Court, seeking damages for harming his reputation while proposing to remove him as an independent director of three of Tata Group companies.

Continued investments by Tata Chemicals in under-performing overseas business incurring substantial losses, specially in the UK, have led to destruction of shareholder value with net debt of the firm rising to Rs 8,695 crore in the last 10 years, according to Nusli Wadia.

Shareholders of Tata Consultancy Services or TCS have voted to remove Cyrus Mistry as director at an extraordinary general meeting or EGM. 93.11 per cent of shareholders voted for his ouster. At TCS, in which the group's holding company Tata Sons has 73.76 per cent stake, that result was expected. But five more listed Tata companies will vote on th...

A day before the first Extraordinary General Meeting of TCS, business tycoon Nusli Wadia launched an attack on Tata Sons for moving notices seeking his removal as an Independent Director of three Tata companies Tata Motors, Tata Chemicals and Tata Steel.

Industrialist Nusli Wadia has demanded an "independent investigation" into the allegations made by Tata Sons.

Mr Wadia had sent a similar letter to the Tatas on Monday with regard to a notice calling an extraordinary general meeting of shareholders of Tata Steel to remove him from the board of the alloy maker.

Tata Sons had asked Tata Chemicals on November 10 to convene an extraordinary general meeting for passing a resolution for removal of Mr Mistry and Mr Wadia as directors.

As the Tatas move to oust Cyrus Mistry from the boards of group companies, they are also asking the companies to remove industrialist Nusli Wadia as director from their boards.

The high court had on December 16 last year directed Tata Steel, Tata Chemicals and Tata Motors to keep one post of independent director vacant until further orders.

In the latest development in the Tata-Mistry row, shareholders of Tata Chemicals on Friday voted in favour of removal of industrialist Nusli Wadia from the company's board. In another development, Ratan Tata, the patriarch of Tata group, has spoken out on the Mistry feud while Mr Wadia has filed a criminal defamation suit against Tata Sons and othe...

Shareholders of Tata Chemicals have 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 yesterday.

Shareholders of Tata Chemicals have 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 Extraordinary General Meeting or EGM on Friday.

Ratan Tata said there has been a "definite move" to damage his personal reputation in the last two months but truth will eventually prevail howsoever painful the process may be.

Tata Sons own a 29.75 per cent stake in Tata Steel. Mr Wadia who is also a director on the board of other two Tata group companies - Tata Motors and Tata Chemicals - which will also hold shareholders' meetings this week to remove him from their boards.

The Court asked Tata Sons to file a written reply to the suit by January 15 and directed the plaintiffs to submit a rejoinder, if any, by January 25. Next hearing would be on February 6.

Industrialist Nusli Wadia today filed a defamation suit against Tata Sons in the Bombay High Court, seeking damages for harming his reputation while proposing to remove him as an independent director of three of Tata Group companies.

Continued investments by Tata Chemicals in under-performing overseas business incurring substantial losses, specially in the UK, have led to destruction of shareholder value with net debt of the firm rising to Rs 8,695 crore in the last 10 years, according to Nusli Wadia.

Shareholders of Tata Consultancy Services or TCS have voted to remove Cyrus Mistry as director at an extraordinary general meeting or EGM. 93.11 per cent of shareholders voted for his ouster. At TCS, in which the group's holding company Tata Sons has 73.76 per cent stake, that result was expected. But five more listed Tata companies will vote on th...

A day before the first Extraordinary General Meeting of TCS, business tycoon Nusli Wadia launched an attack on Tata Sons for moving notices seeking his removal as an Independent Director of three Tata companies Tata Motors, Tata Chemicals and Tata Steel.

Industrialist Nusli Wadia has demanded an "independent investigation" into the allegations made by Tata Sons.

Mr Wadia had sent a similar letter to the Tatas on Monday with regard to a notice calling an extraordinary general meeting of shareholders of Tata Steel to remove him from the board of the alloy maker.

Tata Sons had asked Tata Chemicals on November 10 to convene an extraordinary general meeting for passing a resolution for removal of Mr Mistry and Mr Wadia as directors.

As the Tatas move to oust Cyrus Mistry from the boards of group companies, they are also asking the companies to remove industrialist Nusli Wadia as director from their boards.