1989 Tata Sons deal returns to haunt Tata Trusts
Synopsis Maharashtra charity commissioner seeks explanation from Noel Tata regarding a 1989 share transfer. The regulator will decide on an independent inquiry after reviewing the
Synopsis Maharashtra charity commissioner seeks explanation from Noel Tata regarding a 1989 share transfer. The regulator will decide on an independent inquiry after reviewing the response.
A trustee alleged the transfer unlawfully moved public charitable trust assets to private hands. Tata Trusts denied the allegations, calling them baseless and unsubstantiated. The
commissioner directed Noel Tata to submit documents and clarify transaction aspects.
The BriefWire