The Tata Sons has elected Ishaat Hussain as the new Chairman of Board Of Directors. Cyrus Mistry who was removed as the holding company's Chairman has terminated to hold that host on the board.
Ishaat Hussain shall be the chairman until a new chairman is appointed.
Tata Sons holds nearly 74 percent stake in TCS. The large holding is often seen as a relief to the debt-laden group's liquidity problems. Tata Chemicals board will hold a meeting today to decide on Mistry.
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BY M. DIVYA SRI