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Shapoor Mistry resigns from Indian Hotels board
April 25, 2017 / 3:51 PM / 8 months ago

Shapoor Mistry resigns from Indian Hotels board

NEW DELHI (Reuters) - 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.

Tourists use binoculars in front of the Taj Mahal hotel in Mumbai May 30, 2013. REUTERS/Vivek Prakash/File Photo

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

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