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Nusli Wadia Vs Tata Sons - Burning Wire After 37 Years Of Silence

The sacking of Cyrus Mistry followed by Nusli Wadia open support for Cyrus Mistry governance raises many queries. Nusli Wadia serving as Independent Director in many Tata Companies for the last 37 years and his main job is to protect shareholder interest. The showdown between Cyrus Mistry & TataSons got new twist when TataSons sent out resolution to remove Nusli Wadia from Tata Steel to other companies board of Directors as Independent Director.

He is known for his legal battles in the past wasted no time in sending across baseless allegations based letter to shareholders of many Tata Companies. He raises serious issues around governance issue within Tata group of Companies and went ahead and met SEBI chairman. Isn't it laughable that he never saw any wrong doing for the last 37 years and once asked to leave triggered all his integrity to care for shareholder. He should be asked about his choice to be silent for the last many years. He submitted proofs to SEBI also then why he failed to report the same immediately post the governance lapse happened.

Mr. Nusli Wadia went ahead and filed defamation suit against TataSons as his reputation got the dent but what about the loss of investor money due to his choice to be silent for many years for not reporting the issues to regulatory body.

In my point of view, regulatory body to Honorable court should ask him to explain all these pointers even before considering his please. Am I talking sense.
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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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