Shapoor Mistry resigns from Indian Hotels board

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Apr
26


NEW DELHI Shapoor Mistry, the elder brother of former Tata Sons Chairman Cyrus Mistry, has resigned as a director of the board of Indian Hotels Co, the company said on Tuesday.

Indian Hotels runs the Tata group’s luxury hotels and resorts business.

The Shapoorji Pallonji family own a roughly 18 percent stake in Tata Sons, with Tata Trusts – a group of public charities – owning a controlling 66 percent stake in the holding company. Cyrus Mistry was forced out from the chairmanship of Tata Sons last October, and has since been embroiled in a public spat with the group.

For the notification, please see: bit.ly/2q1iWRo

(Reporting by Neha Dasgupta and Nidhi Verma; editing by Alexander Smith)

Article source: http://feeds.reuters.com/~r/reuters/INtopNews/~3/RYZOj4o9ZtQ/indian-hotel-tata-idINKBN17R22K All Images and Article Content Copyright own by Same Source Owner.

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