You are here: Home » Companies » News
Business Standard

Perfect Relations founder Dilip Cherian opts out of Taj GVK board

The move comes just days after the hotel company said in a regulatory filing on September 10 that the board had approved Cherian's appointment as a director for five years

Topics
Cyrus Mistry | Tata vs Mistry | Tata group

Surajeet Das Gupta  |  New Delhi 

Why, how, and to what extent AI could enter the decision-making boardroom?
Cherian, confirming the development, said: “I am not joining the board and have expressed regret to this effect already.”

Dilip Cherian, founder of Delhi-based Perfect Relations that handles the public relations account of Cyrus Mistry-controlled Shapoorji Pallonji (SP) group, has sent his regrets to saying he would not be able to join the board of Taj Hotels, a joint venture between the Tatas and group.

The move comes just days after the hotel company said in a regulatory filing on September 10 that the board had approved Cherian’s appointment as a director for five years. It would be subject to approval in an annual general meeting, the filing said.

Cherian, confirming the development, said: “I am not joining the board and have expressed regret to this effect already.”

The appointment came as a surprise as the SP group, which is a minority shareholder in Tata Sons, has been waging a legal battle with the Tatas after Mistry was ousted as chairman of the Tata Sons.

The Tatas have around 26 per cent stake in Taj GVK and Indian Hotels Company Limited Managing Director Puneet Chatwal is on the board of the company.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 15 2020. 22:45 IST
RECOMMENDED FOR YOU
.