Daijiworld Media Network - Mumbai
Mumbai, Oct 21: In a significant development, the trustees of Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT) on Monday approved the lifetime reappointment of trustee and vice-chairman Venu Srinivasan, setting aside recent differences over governance issues.
The decision follows the reappointment of Noel Tata as chairman and trustee in January 2025 with no tenure limit. The two key Tata trusts together hold a 52% stake in Tata Sons, the holding company of the Tata Group.
Sources said fellow trustee Mehli Mistry is also set to be reappointed in the coming days. Srinivasan’s continuation was anticipated after the Trusts passed a unanimous resolution on October 17, 2024, stating that “on expiry of tenure of any trustee, that trustee will be