More trouble in Tata Trusts, Mehli Mistry new email raises tension, writes about…

Tata Trusts trustee Mehli Mistry has reportedly given his consent to re-appoint Venu Srinivasan as a trustee of Tata Trusts and Vice Chairman of Sir Dorabji Tata Trust.

The ongoing fight in Tata Trusts is showing no signs of ending. According to the report, a new issue has come up. It is reported that Tata Trust trustee Mehli Mistry has given his consent to re-appoint Venu Srinivasan as the trustee of Tata Trusts and Vice Chairman of Sir Dorabji Tata Trust. But he also has a condition. According to the report of Economics Times, the email of this conditional consent was sent on the night of 21 October. According to the report, Mehli Mistry has put a condition for his re-appointment. His tenure is ending on 28 October.

According to a person familiar with the matter, Mistry has stated in his condition that all members of the trust be reappointed without any changes. He has also stated that if any future changes are made to the appointment of any member, he will withdraw the proposal to appoint Venu Srinivasan. It is worth noting that Mehli Mistry was considered close to Ratan Tata. He was appointed a trustee of the Tata Trusts by Ratan Tata. Things have been rosy at the Tata Trusts since Ratan Tata’s death. There has been no official statement from the Tata Trusts on this entire issue.

Amit Shah intervenes

Last month, Home Minister Amit Shah and Finance Minister Nirmala Sitharaman intervened in the matter. Both senior Indian government ministers met with Tata Sons Chairman N. Chandrasekaran and key trust members.

Why is Tata Trust so important?

Tata Trusts hold 66 percent of Tata Sons. The Shri Dorabji Tata Trust and the Shri Ratan Tata Trust each hold 51 percent of the shares. The Mistry family’s Shapoorji Pallonji Group holds 18 percent of the shares.

The Tata Group has investments in various sectors, from the country’s defense sector to the IT sector. Therefore, any changes in the Tata Group’s management will have an impact not only on the companies but also on the Indian economy.