Tata Trusts tussle: In a significant development at the Tata Trusts, Mehli Mistry's position appears uncertain as chairman Noel Tata, vice chairman Venu Srinivasan and trustee Vijay Singh have not approved for extending his term, according to an ET report. Mehli Mistry has been regarded as one of Ratan Tata’s closest confidants. This action likely concludes his association with the principal Tata charitable organisations, sources told ET’s Kala Vijayraghavan and Sagar Malviya. The opposition from three trustees constitutes a majority verdict against Mistry's continuation at both major trusts where he serves. Sir Ratan Tata Trust (SRTT) and Sir Dorabji Tata Trust (SDTT) collectively have 51% ownership in Tata Sons , whilst the complete trust consortium maintains 66% ownership. The
Tata Trusts tussle: Majority vote for removal of Mehli Mistry - once seen as Ratan Tata’s closest confidants, says report
The Times of India10 hrs ago
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