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In yet another setback for Cyrus Mistry, Tata Sons on Thursday nominated Ishaat Hussain as chairman of the Tata Consultancy Services board. Hussain will be replacing Mistry as chairman until a permanent appointment will be made to the board. On Wednesday, Tata Sons called for an extraordinary general meeting (EGM) to remove Mistry as director of the company. TCS informed the Bombay Stock Exchange about Mistry’s removal.
More updates to follow