Big update on Ratan Tata’s Tata Group power tussle: Noel Tata’s leadership….
A temporary truce has been established within the Tata Trusts, explicitly recognizing Noel Tata's leadership. Scroll down to know more.
Tata Trusts conflict: A significant turning point has been reached in the ongoing governance dispute within the Tata Trusts. According to media reports, a temporary truce has been established within the group, explicitly recognizing Noel Tata’s leadership, a move which has reduced tensions within the Trusts and brought relative calm to the situation. Here are all the details you need to know about the ongoing governance dispute within the Tata Trusts.
Mehli Mistry vs Noel Tata at centre of Tata Trusts conflict?
Reports have clarified that the media portrayal of this dispute as a conflict between Noel Tata and the Shapoorji Group is not entirely accurate. Furthermore, reports that Mehli Mistry, a member of the Trust, was acting on behalf of the Shapoorji Group have also proven false. Mehli Mistry has played an independent role in the Trust’s decisions and has not followed the agenda of any outside group.
Read more: Who is Noel Tata, Tata Trusts’ boss at the center of power squabble in Tata Group? Ratan Tata’s brother became most powerful figure in the group after…
Tata Trusts, which exerts decisive influence over India(BHARAT)’s most valuable conglomerate through its about 66 per cent stake of Tata Sons, finds itself in the midst of infighting among its trustees over board appointment and governance issues.
What’s going on in Tata Trusts?
As per media reports, the Trusts is said to be vertically split with one section aligned with Noel Tata, who was appointed chairman of the Trusts following the death of Ratan Tata. The other grouping of four trustees is led by Mehli Mistry, who has ties with the extended Shapoorji Pallonji family, which owns about 18.37 per cent of Tata Sons.
Mehli reportedly feels he has been kept out of the loop on key matters. Reports also say that the flashpoint is said to be board seats at Tata Sons, which controls the 156-year-old group that spans around 400 companies, including 30 listed firms.
(With inputs from agencies)
What's Your Reaction?
