Tata Motors facing Opposition in removing Cyrus Mistry

Tata Motors facing Opposition in removing Cyrus Mistry

 
0.0
 
0.0 (0)
1   0   0   0
Write Review
cyrus mistry-647x450.jpg
Sources have stated that Tata Motors, the $22 billion producer of Jaguar sports cars and Land Rover sport utility vehicles, is shaping up as a key battleground in the fight for control of India’s biggest conglomerate.


It was stated that Tata Group is currently facing opposition to its plan to remove Cyrus Mistry from the automaker’s board after Glass Lewis and Institutional Shareholder Services recommended investors vote against the move. The two US proxy advisory firms wrote in reports this month the reasons for the Tata Motors chairman’s ouster haven’t been clearly explained.

Meanwhile foreign investors holding American depository receipts have the potential to influence the vote at next week’s extraordinary general meeting, as they control about 18.5% of the car maker's stock, data compiled by Bloomberg show. Presently Tata Sons have revealed December 13 it bought an additional 1.7% of the car maker, bolstering its position before the December 22 shareholder meeting.


Earlier Mistry has said he was pushing to transform Tata Group into a more prudent enterprise than the globetrotter that has bought Jaguar Land Rover under previous chairman Ratan Tata. The automotive unit has been a particular point of contention, with Mistry supporters claiming the Nano project to produce the world’s cheapest car was a drain on resources.

source:http://www.apherald.com/

User reviews

There are no user reviews for this listing.
Already have an account? or Create an account
Movie Reviews

Tik Tik Tik (2018) Movie Review, Rating -2/5

Jun 22, 2018 14
Bottom Line: Logical loopholes and unimpressive CG impact this space travel.

Jamba Lakidi Pamba (2018) Telugu Movie Review, Rating -1.5/5

Jun 22, 2018 16
Bottom Line: A boring flick laced with poor jokes.

Incredibles 2 Movie Review, Rating -3.5/5

Jun 22, 2018 15
Bottom Line: Brad Bird and team Incredibles deliver a strong winner even after 14 years!
Restaurant Reviews

The Hidden Truth About Custom Writing Service

May 29, 2018 122
custom writing service
Assignment writing will be your true matter of issue for all students because they don't…

Jot down an Essay Essentials Explained

Jun 13, 2018 55
Default Image
There's no wrong approach to compose an essay, at the same time, you have individual…

Essaywriter.ORG scan: reliable service to acquire college assignments readily and on schedule

Dec 01, 2017 69
Default Image
Are you feeling nervous on how to accomplish complex collegiate assignments?…
Latest Yellow Pages
Mar 06, 2018

Andhramess Allen

Andhra Mess– Is the most popular South Indian Restaurant situated in Allen, US. We have…
Dec 04, 2017

Best deals on International flights

IndianEagle.com is an innovative online travel company that enables its customers to book…
Sep 05, 2017

Roy Photography

Experienced in Indian and South-Asian Weddings and event photo and video services. Speaks…
Aug 02, 2017

Pista House

Pista House is known for meeting the diverse needs of customers thanks to its use of best…
Latest Classifieds
Jun 19, 2018

Enjoy a Healthier Life with our Organic & Natural Food Range

MyHomeGrocers is leading online store that offers 100% natural & organic products at best…
Jun 15, 2018

Say No To Heavy Shopping Bags Shop all Your Grocery Needs Online

Say No To Heavy Shopping Bags Shop All Your Grocery Needs Online
Jun 12, 2018

Ramadan Special OUR GRAND SALE FOR VEGGIES AND FRUITS THIS WEEK

Ramadan Special OUR GRAND SALE FOR VEGGIES AND FRUITS THIS WEEK!BEAT THE SUMMER WITH…
Jun 04, 2018

DEVOPS Training Schedule (Weekend Batch).

DEVOPS Training Schedule (Weekend Batch). Training Type: Online Live Interactive Training…
Training
Default Image
Feb 03, 2018

DevOps Online Training Live Demo Feb 05, 2018(Monday) @7.00am IST

DevOps Online Training Live Demo Feb 05, 2018(Monday) @7.00am IST For USA Students Feb…
Default Image
Jan 31, 2018

selenium Training - learntek

Learntek: Selenium Training Schedule. Course Title: Selenium Training. Training Type:…
Jan 25, 2018

SAP Simple Finance Training by SAP Certified Industry Experts

We provide services throughout USA, UK, Australia,UAE, Canada, Saudi Arabia, New Zealand,…
Jan 04, 2018

Tableau Training Institute in Noida

Tableau computing device is a business intelligence andinformation visualization tool…