New Delhi: A rift in the Tata Trusts has intensified as its office holders Venu Srinivasan, Noel Tata, and Vijay Singh have rejected businessman Mehli Mistry’s renewal for life trusteeship, a report said on Tuesday.

Mistry is likely to explore legal options to get renewal for life trusteeship, NDTV Profit reported, citing sources.

Noel Tata chairs the philanthropic trust, while Vijay Singh and Venu Srinivasan act as vice chairmen.

The report said that the ouster of Mistry could be challenged based on the October 24 resolution passed by the Tata Trusts, which gives a life term to the present trustees.

“The Trustees recognise that they are all equally responsible, charged with public duty and specifically tasked by Mr Ratan N Tata. To this end, they resolve that on the expiry of the tenu

See Full Page