The board meeting to appoint Neville Tata as a trustee of Sir Ratan Tata Trust has been cancelled. This marks the second failed attempt to induct him into the trust that holds 23.6% in Tata Sons.
A key board meeting of Sir Ratan Tata Trust to appoint Neville Tata as trustee got cancelled due to lack of quorum. This marks the second delay in his induction to the trust holding 23.6% in Tata Sons.
The board meeting to induct Neville Tata into Sir Ratan Tata Trust was postponed, delaying his appointment. Procedural issues raised by trustee Venu Srinivasan contributed to the uncertainty.
The Sir Ratan Tata Trust cancelled its Saturday board meeting, postponing consideration of Neville Tata's trustee appointment. Other Tata trusts proceeded with meetings as scheduled.
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