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“After putting the company on strong financial and management footings, we are now ready and poised to look at businesses outside of our adjacencies and able to look at acquisitions if they make sense. We have the strength in terms of balance-sheet and people to do it,” chairman Nusli Wadia told shareholders.

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Today, Wadia has filed a defamation suit against Ratan Tata and Tata Sons.&nbsp;

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Chairman of Wadia Group of companies and an independent director of three Tata Group companies namely Tata Steel, Tata Motors and Tata Chemicals, Nusli Wadia, has filed a defamation suit against Ratan Tata and Tata Sons.&nbsp;

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Tata Steel said, "Both institutional and retail voted in the similar pattern with significant majority well beyond the 3/4th majority mark in all categories."&nbsp;&nbsp;

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On Monday, Mistry had stepped down from his position as a member on the Board of Directors of Tata Steel.

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On Wednesday, four minority shareholders of Tata group firms had moved Bombay High Court.

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nusli-wadia

“After putting the company on strong financial and management footings, we are now ready and poised to look at businesses outside of our adjacencies and able to look at acquisitions if they make sense. We have the strength in terms of balance-sheet and people to do it,” chairman Nusli Wadia told shareholders.

Amidst the Tata-Mistry battle, Sebi plans to form stricter norms for removal of independent directors.

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Nusli Wadia News- Zee Business provides latest news on Nusli Wadia, Nusli Wadia news Today, Top News on Nusli Wadia, update on Nusli Wadia Stay updated with business news, breaking news headlines.

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Nusli Wadia

Ready to look at acquisitions if they make sense: Nusli Wadia, Chairman, Britannia

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Why Cyrus Mistry, Tatas dominated news headlines in 2016

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Tata Chemicals' shareholders oust Nusli Wadia as Director

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