Govt wants trustees to follow the 'Tata way'

THE GOVERNMENT HAS stepped in to find a resolution to the rift in Tata Trusts, with Chairman Noel Tata and Tata Sons Chairman N Chandrasekaran meeting Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman on Tuesday evening.

- FE BUREAU

Tata Trusts Vice Chairman Venu Srinivasan and Trustee Darius Khambata were also present.

While no details were available on what transpired at the meeting at the time of going to press, sources familiar with the developments said the attempts of four dissenting trustees of Tata Trusts to undermine the Tata Trusts chairman’s authority and assume greater powers in the running of Tata Sons have not gone down well with the government.