Tata Sons Defers Annual Shareholder Meeting Due to Lack of Quorum
Tata Sons has postponed its annual shareholder meeting due to a lack of quorum, days after its chairman's exit. The meeting could not proceed as the required number of attendees was not met.
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Tata Sons Defers Annual Shareholder Meeting for Lack of Quorum
Tata Sons Pvt. deferred its annual general meeting after a key shareholder was unable to participate, according to people familiar with the matter, even as the Indian conglomerate prepares to find a new chairman following Natarajan Chandrasekaran’s resignation last week.
By P R Sanjai
Read full article →Quorum Not Met, Tata Sons Holds Off Annual Meet Days After Chairman's Exit
Last week, Tata Trusts set up a committee to recommend a new chairman for Tata Sons. Tata Trusts controls around 66 per cent of Tata Sons. One of the key contenders for the post is Noel Tata who chairs Tata Trusts.
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