Mehli Mistry has written to Tata Trusts Chairman Noel Tata, formally conveying his decision to step down as trustee of the Tata Trusts. In his letter, Mistry wrote, "I have been made aware of the recent reportage surrounding my trusteeship in the Tata Trusts. I believe that this letter should assist in putting the quietus on speculative news reports that do not serve the interests of the Tata Trusts and are inimical to its vision."

He added that it had been his privilege to serve as a trustee till October 28, while cautioning that "the precipitation of matters can cause irreparable damage to the Tata Group."

Mistry concluded his letter with a quote he attributed to Ratan N. Tata, writing, "Nobody is bigger than the institution it serves."

CNBC-TV18 had earlier reported, citing sources c

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