Bhaskar Bhat quits Tata Chemicals Board, Nusli Wadia’s ouster on cards

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Amid an unfolding boardroom drama that has seen Tata Sons split wide open, with most board members and senior executives sing with Interim Chairman Ratan Tata or ousted group chief Cyrus Mistry, Bhaskar Bhat is learnt to have resigned from the board of Tata Chemicals.

Bhaskar Bhat, non-executive, non-independent director, has resigned from the Board of the company w.e.f. November 10, 2016,” Tata Chemicals said in a BSE filing.

In his resignation letter, Bhat said, “I have just read the statement put out by the independent directors on the BSE website. The contents as well as the spirit of the statement completely dilutes the views I expressed at the Board meeting today especially regarding the threat the company faces on account of loss of confidence of the promoter Tata Sons in the Chairman of Tata Chemicals.”

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