Cyrus Mistry's brother Shapoor resigns from board of Indian Hotels

Tata group hospitality firm Indian Hotels Co Ltd said on Tuesday that Shapoor Mistry has resigned as director of the company with immediate effect.

The company, however, did not disclose reasons for his resignation.

Shapoor Mistry, elder brother of ousted Tata Sons Chairman Cyrus Mistry, is the Chairman of Shapoorji Pallonji & Co Ltd.

Reuters

Reuters

He was inducted on the board of the company in 2003 as a non-executive Director.

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

The Shapoorji Pallonji family owns 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.

Earlier this month, K B Dadiseth had also resigned as an independent director from Indian Hotels Co Ltd. He was among the independent directors of the company, who had supported Cyrus Mistry last year during the fight with Tata Sons.

(With agency reports)


Published Date: Apr 26, 2017 07:50 am | Updated Date: Apr 26, 2017 07:50 am