The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
The sudden resignation and almost-immediate announcement of a successor came as a surprise to many.
'Jin Jiang had invested in Louvre Hotels.' 'Louvre, a couple of months ago, took a majority in Sarovar hotels.' 'So they are coming in now.' 'Look at the Chinese -- two quarters ago they took 25 percent in Hilton.' And then HNA also took majority in Carlson (Radisson).'