Board Exam Result 2019

Over 70 per cent Tata Motors shareholders vote in favour of resolution to remove Nusli Wadia from board

New Delhi, PTI | Updated : 23 December 2016, 06:00 PM
Nusli Wadia - File Photo
Nusli Wadia - File Photo

There was more than a general consensus among the shareholders of Tata Motors as over 70 per cent shareholders have voted to remove independent director Nusli Wadia from the board of directors.

In the extraordinary general meeting of shareholders held on Thursday, 71.20 per cent of the votes polled voted in favour of a resolution moved by promoter Tata Sons seeking his removal, according 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. On Wednesday, Wadia was removed as independent director from the board of Tata Steel