MUMBAI: Tata Sons has formed a Rs 500 crore public charitable trust to aid families impacted by the Air India 171 crash in Ahmedabad. It will contribute Rs 250 crore to the AI-171 Memorial and Welfare Trust, while its primary shareholder, Tata Trusts, will match this with Rs 250 crore. This is one of the…
The distribution of Ratan Tata’s assets will commence after the will undergoes probate. Noel Tata, who chairs Tata Trusts, has joined the Ratan Tata Endowment Trust (RTET) board alongside Shireen and Deanna Jejeebhoy, who are half-sisters of late Ratan Tata. The existing trustees, Pramit Jhaveri and Darius Khambata, made these appointments, according to sources.The Trust…
MUMBAI: The boards of Ratan Tata Endowment Foundation (RTEF) and Ratan Tata Endowment Trust (RTET), which were bequeathed the late industrialist’s shares in Tata companies, are set for restructuring. The three siblings of Ratan Tata – his half-sisters Shireen and Deanne Jejeebhoy and his half-brother Noel Tata – are preparing to join as trustees, indicating…
In 2022, Ratan Tata established two entities to manage his personal wealth: the RTEF under Section 8 of the Companies Act 2013 and the Ratan Tata Endowment Trust. In light of uncertainty regarding trustee appointments to the Ratan Tata Endowment Foundation (RTEF), Tata stakeholders are considering opting for an arbitrator. A retired Supreme Court chief…
Maya and Leah Tata, daughters of Tata Trusts chairman Noel Tata, have joined the board of trustees at Sir Ratan Tata Industrial Institute (SRTII), a subsidiary of Sir Ratan Tata Trust, which is a primary shareholder of Tata Sons.Following the departure of Arnaz Kotwal and Freddy Talati, Maya and Leah Tata have assumed their positions…