Published 13:47 IST, November 5th 2024
Noel Tata joins board of Tata Sons
Tata Trusts owns 66% of Tata Sons and appoints a third of the directors to the Tata Sons board. Those appointees receive special veto powers.
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el Tata in Tata Sons: el Tata, half-bror of late tycoon Ratan Tata, has been appointed to board of Tata Sons, group company that operates $165 billion salt-to-software conglomerate, company's website on Tuesday showed.
move follows el Tata's appointment last month as chairman of powerful and influential philanthropic arm of Tata group, called Tata Trusts.
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Tata Trusts owns 66 per cent of Tata Sons and appoints a third of directors to Tata Sons board. Those appointees receive special veto powers.
Internal trust and company rules do t allow Tata Trust’s chairman to he Tata Sons as well, a source h told Reuters earlier.
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Reuters reported earlier that el Tata, 67, will likely join board of Tata Sons.
parent company, Tata Sons, oversees 30 firms across consumer goods, hotels, automobiles, and airlines and houses brands such as Jaguar Land Rover and Tetley Tea in its portfolio.
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Ratan Tata, one of India's most well-kwn business titans, died in early October, d 86.
13:47 IST, November 5th 2024