Tata Steel Shareholders Vote To Remove Nusli Wadia
Tata Steel shareholders voted to remove Nusli Wadia from its board
Over 90% of shareholders who voted favoured Mr Wadia's removal
Mr Wadia stayed away from the shareholders meeting
Nusli Wadia had been an independent director on the company's board for 37 years.
Tata Steel shareholders voted by over 90 per cent to remove industrialist Nusli Wadia as independent director in a meeting on Wednesday.
Most of the shareholders who voted favoured the removal of Mr Wadia, Tata Steel informed the Bombay Stock Exchange in a regulatory filing today.
Mr Wadia, who has been an independent director on the company's board for 37 years, stayed away from Tata Steel extraordinary general meeting (EGM) calle...