Noel Tata succeeds Ratan Tata, appointed chairman of Tata Trusts

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Of the 66 per cent stake in Tata Sons, Sir Dorabji Tata Trust owns 27.98 per cent, while Sir Ratan Tata owns 23.56 per cent.

Noel remained neutral during the Tata-Mistry fight, and his appointment as chairman of Tata Trusts is anticipated to improve relations between the two families.“We have to wait and watch how the relations between the two families go from here.

Noel Naval Tata, 67, half-brother of the late Ratan Tata, has been unanimously appointed as chairman of all Tata Trusts, effective immediately.

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Category: BusinessFinance

Markets: IndiaOman

Topics: Noel tata Tata group Succession Ratan Tata

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News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 18:30:06 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 903 words

Reading Time: 6 minutes read

Sentences: 34 lines

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Copyright Owner: © Business Standard

News ID: 22997651

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