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Tata Trusts Rift Cools After Government Talks as Trustees Head Into Oct. 10 Meeting

Government engagement has paused the infighting, according to people briefed.

Overview

  • Home Minister Amit Shah and Finance Minister Nirmala Sitharaman met Noel Tata and N. Chandrasekaran as trustees sought mediation over the governance dispute.
  • Sources reported a temporary truce with Noel Tata’s leadership underlined, though core disagreements have not been settled.
  • Friday’s board session is set to focus on healthcare funding proposals, with no move on broader board changes reported for this meeting.
  • A proposed Rs 1,000 crore infusion into loss-making Tata International and differing readings of Article 121A have become the central flashpoints.
  • Vijay Singh said his blocked reappointment to the Tata Sons board followed an unprecedented vote, highlighting a rare public split inside the Trusts, which hold 66% of Tata Sons.