After TCS, Tata Teleservices 'unanimously' removes Cyrus Mistry as chairman, director
In yet another blow for Cyrus Mistry, Tata Teleservices on Wednesday "unanimously" removed him as the director and chairman of the company.
New Delhi: In yet another blow for Cyrus Mistry, Tata Teleservices on Wednesday "unanimously" removed him as the director and chairman of the company.
This comes just a day after Mistry was removed as the director and chairman of Tata Consultancy Services on Tuesday.
Cyrus Mistry has been removed as director and Chairman of the company after its shareholders "unanimously" passed a resolution moved by Tata Sons for his ouster, the company said.
At the extraordinary general meeting (EGM) of equity shareholders of the company held today, an ordinary resolution was "passed unanimously as a result of which Cyrus P Mistry has ceased to be a director and consequently Chairman of the company with immediate effect", Tata Tele said.
The board of directors of the company had called the EGM based on the special notice and requisition by Tata Sons Ltd, which holds 36.17 per cent of equity shares of the company, on November 9, it added.
The board had convened the EGM of equity shareholders of the company "to consider and if thought fit to approve an ordinary resolution proposed by Tata Sons for removal of Cyrus Mistry as director of the company".
On Monday, Tata Industries shareholders voted to remove Mistry as director ceased to be the chairman of the company in the first such instance of the embattled executive being ousted from the board since his removal as Tata Group chairman.
Tata Teleservices became the third Tata group firm after Tata Industries and TCS to remove the ousted Tata Sons Chairman from the board.'