TCS voting big moral victory for governance: Cyrus Mistry
Tata Sons ousted Chairman Cyrus Mistry's office on Tuesday issued a statement calling the TCS voting pattern a big moral victory for Mistry and governance. This comes after Mistry was removed as the Director of TCS with 93.11% shareholders voting for his ouster. However, non-promoter shareholders—about 43% institutional investor votes and 78% of retail investor votes were against Mistry's removal.