Wednesday, September 16
Tata Trusts passed resolutions affirming Tata Sons should remain an unlisted private company, and initiate discussions with minority shareholder Shapoorji Pallonji (SP) Group to provide it an exit, marking a key strategic shift. This followed a day-long meeting on Monday, attended by all trustees and marked by intense discussions, said people with knowledge of the matter. Tata Sons is the holding company of the group. “Tata Sons chairman is requested to exercise best endeavours to ensure Tata Sons does not change its current status as an unlisted private company and fully engages with the Reserve Bank of India in this regard,” said the resolution passed by the board of the Sir Ratan Tata Trust (SRTT) that was reviewed by ET. SRTT and the Sir Dorabji Tata Trust are the two main philanth
