• Tuesday, May 24, 2022

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Tata ousts Mistry from IT business board as purge is stepped up

Ratan Tata

By: Eastern Eye Staff

India’s Tata has ousted Cyrus Mistry as a director of its cash cow IT business Tata Consultancy Services as the Indian conglomerate steps up its purge of its former chairman. TCS said in a statement late on Tuesday (13) that shareholders had voted overwhelmingly at an extraordinary general meeting in India’s commercial Mumbai to dump Mistry from its board. In the statement to the National Stock Exchange of India it said that Mistry is “hereby removed from the office of Director of the Company with effect from the date of this meeting”. Mistry was unceremoniously sacked in October as chairman…

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