Tata Sons asks Tata Steel to hold EGM to oust Cyrus Mistry and Nusli Wadia as director

MUMBAI: Tata Sons asks Tata Steel to hold EGM to oust Cyrus Mistry and Nusli Wadia as directors, according to a regulatory filing on BSE.

Tata Sons has asked for a similar EGM at Tata Motors for Wadia.

Shareholders vote in an EGM. Board members have very little role to play. The resolution can be passed with a simple majority of shareholders, including retail and institutional shareholders.