The directors of Tata Trusts are likely to convene in Mumbai today in what is shaping up to be a pivotal meeting for the future of the Tata Group. The gathering comes after the Centre quietly intervened this week to ease mounting tensions within the powerful philanthropic body that controls two-thirds of Tata Sons, the $300 billion holding company behind India’s most iconic conglomerate. Advertisement
According to Bloomberg, government officials held a closed-door meeting with representatives from Tata Trusts and Tata Sons on Wednesday. The message from Delhi: resolve the boardroom fight and avoid disruptions to one of India’s most strategically important corporate entities.
What caused the rift?
The rift exploded last month when some Tata Trusts directors removed former defense secret