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

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.

FP Staff April 26, 2017 07:50:28 IST
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.

Cyrus Mistrys brother Shapoor resigns from board of Indian Hotels

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)

Updated Date:

also read

Tata Sons chairman N Chandrasekaran says Nano targetted for no reasons
Business

Tata Sons chairman N Chandrasekaran says Nano targetted for no reasons

In an interview to CNBC TV18, N Chandrasekaran admitted that the Nano is incurring losses but is just about 4 percent of the losses that Tata Motors' passenger cars make on a yearly basis

Tata Sons hires HR firm to seek opinion on N Chandra's salary; here's a list of CEOs whose pay packages made headlines
Business

Tata Sons hires HR firm to seek opinion on N Chandra's salary; here's a list of CEOs whose pay packages made headlines

N Chandrasekaran was appointed Tata Sons chairman on 21 February 2017, nearly four months after Cyrus Mistry was sacked

Supreme Court to hear Tata Sons plea challenging NCLAT decision restoring Cyrus Mistry as chairman today
Business

Supreme Court to hear Tata Sons plea challenging NCLAT decision restoring Cyrus Mistry as chairman today

Tata Sons has challenged the 18 December decision of the National Company Law Appellate Tribunal (NCLAT) that gave a big relief to Cyrus Investment Pvt Ltd and Mistry, restoring him as the executive chairman of Tata Sons