New Delhi: Businessman Mehli Mistry, a long-time confidant of Ratan Tata has written to Tata Trusts Chairman Noel Tata announcing his decision to step down as a trustee. Mistry’s resignation comes amid the internal differences at the Trusts that control a majority stake in Tata Sons, the holding company of the Tata Group.

In his letter, Mistry reportedly conveyed that it had been a privilege to serve until October 28. He also cautioned that the recent developments, if not handled with restraint can inflict “irreparable damage” on the Tata Group.

Internal rifts within Tata Trusts

Notably, TVS Motors Co’s chairman emeritus Venu Srinivasan and former defence secretary Vijay Singh voted against Mistry’s reappointment after his three-year term ended. Meanwhile, three other trustees, f

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