Mehli Mistry sends out truce signals to Tata Trusts

Within days of filing a caveat with the Maharashtra Charity Commissioner that he should be heard before being ousted as a Tata Trusts trustee, Mehli Mistry has sent out truce signals.

- DEV CHATTERJEE & NIVEDITA MOOKERJI

IN A LETTER, MISTRY SAID HE WAS COMMITTED TO RATAN TATA'S VISION THAT INCLUDED RESPONSIBILITY TO ENSURE THAT TATA TRUSTS DID NOT PLUNGE INTO CONTROVERSY

In a communication to Tata Trusts chairman Noel Tata, Mistry, a businessman and a close associate of Ratan Tata, is learnt to have indicated his willingness to end the ongoing dispute. This is expected to ease the tension at Tata Trusts, which has a controlling stake of around 66 per cent in Tata Sons, the holding company of the salt-to-software conglomerate.

In a letter dated November 4, Mistry said he was committed to Ratan Tata’s vision that included responsibility to ensure that Tata Trusts did not plunge into controversy, according to a source in the know. Stating that the current rift may cause “irreparable” harm to Tata Trusts’ reputation, Mistry expressed hope that the other trustees would be guided by the principles of public interest and good governance.