Tata Trusts

Tata Trusts is the group of Tata philanthropic trusts that holds a 66% stake in Tata Sons.[1] source: Mint Business Today reported that six trusts own that 66%.[2] source: Business Today The trusts' voting power in Tata Sons is 65.9%.[3] source: Hindustan Times[4] source: Mint Financial Express put the combined stake of Sir Dorabji Tata Trust and Sir Ratan Tata Trust at 51.54%.[5] source: Financial Express

Tata Trusts is in a governance dispute. Noel Tata's 28th September restructuring proposal seeks to avoid Tata Sons' mandatory listing.[1] source: Mint In a September 30 letter, Sir Dorabji Tata Trust vice-chairmen Venu Srinivasan and Vijay Singh said they were not consulted on the plan.[6] source: Business Standard Srinivasan filed a complaint on September 29.[5] source: Financial Express Noel Tata then filed 21 caveats and Neville Tata filed 15 with the Maharashtra charity commissioner, seeking hearings before any adverse orders.[3] source: Hindustan Times[4] source: Mint Tata Sons' AGM is due by 18 November.[4] source: Mint Business Today reported that Tata group stocks lost Rs 2,65,748 crore in market capitalisation between August 12 and Wednesday.[7] source: Business Today

Noel Tata, Neville Tata, Venu Srinivasan and Vijay Singh are the trustees named in the dispute.[3] source: Hindustan Times[5] source: Financial Express Thomas Mathew opposed listing as a threat to the group's philanthropic model.[8] source: Outlook Business The trusts' voting power could be crucial to N. Chandrasekaran's director reappointment at the Tata Sons AGM.[3] source: Hindustan Times