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Shapoor Mistry Resigns From Indian Hotels Board

Indian Hotels runs the Tata group's luxury hotels and resorts business.
Indian Hotels runs the Tata group's luxury hotels and resorts business.

New Delhi: Shapoor Mistry, the elder brother of former Tata Sons Chairman Cyrus Mistry, has resigned as a director of the board of Indian Hotels Co, the company said on Tuesday.

Indian Hotels runs the Tata group's luxury hotels and resorts business.

The Shapoorji Pallonji family own a roughly 18 percent stake in Tata Sons, with Tata Trusts - a group of public charities - owning a controlling 66 percent stake in the holding company. Cyrus Mistry was forced out from the chairmanship of Tata Sons last October, and has since been embroiled in a public spat with the group.

© Thomson Reuters 2017

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