Shareholders of IHCL will vote on removing Mistry as director. Tata Sons holds 28.01 per cent stake in the company.
According to the information available on BSE, as on September 2016, promoter and promoter group together held 38.65 per cent stake in IHCL. One of the key non-promoter shareholders, LIC, which had abstained in a similar voting in TCS, holds 8.76 per cent.
Mistry on his own holds 1,28,625 shares in the company, as per IHCL’s 2015-16 Annual Report.
