Indian Hotels Co Ltd News

Tata group hospitality firm Indian Hotels Co Ltd on Friday said its Managing Director and CEO Rakesh Sarna has resigned.

Tata Sons has asked shareholders of Indian Hotels Co Ltd - the firm that runs Taj Group of Hotels, to remove Cyrus P Mistry as director of the company as he has caused "enormous harm" to the group as well as IHCL and its stakeholders.

Tata Group's hospitality arm Indian Hotels Co Ltd, which runs a chain of luxury hotels and resorts under the Taj brand, plans to delist its Global Depository Receipts (GDRs) from London Stock Exchange, two decades after it started trading on the bourse.