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As Cyrus Mistry bows out, Indian Hotels shareholders welcome Tata

Shareholders also expressed concern over Cyrus Mistry's decision to take the legal recourse in continuance of his fight against Ratan Tata

Swaraj Baggonkar  |  Mumbai 

Even as ousted Tata Sons chairman Cyrus Mistry sent his resignation to all listed Tata Group companies on Monday, the board of Indian Hotels Company decided to go ahead with its scheduled extraordinary general meeting (EGM) on Tuesday, whose only agenda was to remove Mistry.  However, no voting shareholders gathered at the IMC building in south Mumbai to display support to Ratan Tata who, along with trusted aides  R K Krishna Kumar and N A Soonawala, sat in the front row overseeing the proceedings.  “The whole purpose of this meeting was to consider the ...


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