The company had a loss of nearly Rs 7,500 crore (Rs 7,083 crore as per section 198) in FY20.
Loss-making automaker Tata Motors has sought shareholders' nod to ratify the payment of minimum salary to its MD and CEO Guenter Butschek.
The company posted a loss of nearly Rs 7,500 crore (Rs 7,083 crore as per section 198) in FY20.
According to company disclosures, Butsheck's FY20 remuneration was Rs 19.27 crore. For FY19, it was Rs 26.32 crore, nearly on par with Rs 26.42 crore paid in FY18.
Barring FY19, Tata Motors posted a net loss each year since Butsheck assumed office in February 2016.
This is a developing story. Please check back for updates.
First Published on Aug 4, 2020 10:17 am