Kemi Badenoch contesting the position of United Kingdom prime minister was voted out on Tuesday.
Three Conservative leadership candidates remain after Kemi Badenoch was eliminated.
Chairman of the 1922 Committee Sir Graham Brady while reading the results indicated that Truss is getting closer to Mordaunt, with Sunak still leading.
The 1922 Committee announced that Kemi Badenoch received only 59 votes in the third round of the vote. Penny Mordaunt received 92 votes, Rishi Sunak 118 and Liz Truss 86.
Rishi Sunak, Penny Mordaunt, and Liz Truss will proceed onto the fifth ballot on Wednesday when the final two contestants will be selected.
According to reports, BBC confirmed it will host a live TV debate between the final two candidates at 9 p.m. on Monday.
