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Tata Motors emerges as key battle in biggest Indian proxy fight

Mumbai

TATA Motors Ltd, the US$22 billion producer of Jaguar sports cars and Land Rover sport utility vehicles, is shaping up as a key battleground in the fight for control of India's biggest conglomerate.

Tata Group is facing opposition to its plan to remove Cyrus Mistry from the automaker's board after Glass Lewis & Co and Institutional Shareholder Services Inc recommended investors vote against the move.

The two US proxy advisory firms wrote in reports this month the reasons for the Tata Motors...

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