Twitter

Facebook

Youtube

Pintrest

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
Ratan Tata steps down as Chairman of Tata Global Beverages
Last Updated : 20 Nov 2012 09:51:55 PM IST
Ratan Tata
File photo of Tata group chief Ratan Tata.
 

Tata group chief Ratan Tata on Tuesday stepped down as Chairman of Tata Global Beverages with immediate effect, making way for successor Cyrus Mistry, who as also been inducted into the board of Indian Hotels Company.


In two separate filings to the BSE, the two firms said the respective meetings of the Board of Directors decided the changes as per Tata's retirement plans in December 2012.
 

"Effective November 20, 2012, Ratan N Tata has stepped down as Chairman of Tata Global Beverages Ltd and Cyrus P Mistry has been appointed Chairman," the company said.

Tata, however, will continue as one of the directors on the Board of Tata Global Beverages till his retirement in December 2012, it added.

Mistry was inducted on the Board of Tata Global Beverages in June 2012.

In a separate filing, Indian Hotels Company said: "Mistry has been appointed as an Additional Director, designated as the Non-Executive Chairman of the company."

IHCL and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces.

On Tata's retirement in December, 2012, Mistry will take the charge of IHCL, whose "unsolicited" USD 1.86 billion buyout offer for luxury hotels chain Orient Express was recently rejected by the New York Stock Exchange-listed firm.

This was the second takeover attempt by Indian Hotels, which holds about 7 per cent in Orient Express.

Mistry has been a director of Tata Sons since 2006 and was appointed Deputy Chairman last November.

Earlier this month, he was appointed as the Deputy Chairman of Tata Steel and Tata Chemicals.

Tata Motors and Tata Consultancy Services had also inducted Mistry as Deputy Chairman.

Tata Global Beverages' shares today closed trading 2.96 per cent down at Rs 159.10 apiece on the BSE.

Shares of IHCL closed at Rs 59.90 per unit, down 2.28 per cent from its previous close.
 


Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Code

Always being under the gaze of the camera makes celeb mishaps all the more visible. Here i

Murder during sex-- its just unbelievable. But this is what happened in America when a tee

Is Bollywood encashing Sunny Leone’s porn image in the movies?

This teenaged girl can't have sex or babies due to rare condition that left her without re

In an age of smartphones, wi-fi and Insta-fame,many MMS scandals of famous Bollywood act

With the World Cup just weeks away, the lingerie version with scantily clad beauties took

Sexy Samantha Ruth Prabhu is a famous Tollywood actress, who mainly works in the Telugu an

Honda will most probably launch the CBR 300R in the month of December after Kawasaki offer

It's not the tall, dark and handsome who rule the Bollywood but some of the shortest actor

In an illuminating article, Esquire writer Tom Junod has declared 42 to be the most alluri

Its homecoming of sorts for gorgeous former Miss Universe Sushmita Sen as she is set to s

Bollywood actress Sunny Leone was looking stunningly beautiful as she walk the ramp as t

Salman Khan a "national boyfriend" this name has been given to him by Karan Johar, Karan

Aamir Khan is fiercely protective about his movies, but the story of Peekay has been leake

Pakistani actress Saba Qamar's “Kambakht” is set to clash with Salman khan’s upcomin

People still think that Manju from Comedy Nights With Kapil is actually Kapil Sharma's rea

Recently, two Pakistani actresses have made inroads into Bollywood. Humaima Malick will be

These women can put to shame celebrities who boast of having a size zero figure. These wom

Rabiya Khan, the mother of deceased Bollywood actor Jiah Khan, assured the Bombay High Co

Another love lady of Akshay Kumar. Bollywood Khiladi has a long list of love affairs Sta

India vs England 4th ODI: Live score updates
India vs England 4th ODI: Live score updates India vs England 4th ODI: Live score updates
21:06 IST: India won by 9 wickets (with 117 balls remaining)
21:06 IST: 30.3 Gurney to Dhawan, SIX, India wrap up the series.
21:06 IST: Shikhar Dhawan* 97 (81) ; Virat Kohli 1 (3)
Click for more

Bollywood actress Sonakshi Sinha went glamorous for the fashion magazine L'Officiel.

Claudio Vieira de Oliveira was born with his neck folded back. Read about his inspirationa

With rumors of an imminent launch early next month, let's show you how the iPhone 6 will l


Samay Live

Samay Live

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

10.10.70.45