DESPITE THE exit of Mehli Mistry from Tata Trusts, there is still pain and rancour within the organisation over the manner in which a group of trustees led by Mistry blocked the nomination of Vijay Singh to the board of Tata Sons at the September 11 meeting. Tata Sons is the principal investment holding company and promoter of Tata companies.
Responding to a recent letter from Darius Khambata, who is a senior lawyer and trustee on the boards of Sir Ratan Tata Trust and Sir Dorabji Tata Trust, a senior Tata Group director said the September 11 meeting was “botched” and triggered a series of developments that went against the Trusts’ interests.
“I don’t know if there was a coup or not, but whatever happened was certainly botched. It resulted in the loss of a Trusts seat on the Tata S

The Indian Express

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