Now, Tata Motors shareholders vote to oust Nusli Wadia from company's board

Two days after he was removed from Tata Steel with 71.20 per cent votes going against him, shareholders of Tata Motors have now overwhelmingly voted to remove independent director Nusli Wadia from the company's board.

As many as 146.28 crore shares out of 205.45 crore votes polled voted in favour of a resolution brought by the company's main promoter Tata Sons for removing Wadia.

Notably, he has been accused of siding with the estranged chairman Cyrus P Mistry and rallying independent directors against Tata Sons.

Out of 293.8 crore shareholders, 205.45 crore or 69.93 per cent participated in the voting on the resolution, according to a regulatory filing by the company. Those voting against the resolution made up for 28.80 per cent shares.

On Wednesday, Wadia was removed as independent director from Tata Steel board, which he served for 37 years, with 90.8 per cent of the shareholders present and voting at the company's extraordinary general meeting voting in favour of the resolution moved by Tata Sons seeking his removal.

Wadia did not attend both the meetings, calling them stage-managed. He further went on to file a Rs 3,000-crore defamation suit against Ratan Tata and Tata Sons.