Amid boardroom strife, the government orders Tata Group to "do what it takes" to restore stability
By : Sandhya
Amid a boardroom dispute plaguing the nation's most reputable conglomerate, the government has instructed Tata Group to "do what it takes" to restore stability in the boardrooms of Tata Trusts and Tata Sons Pvt. Ltd. Union Home Minister Amit Shah met with at least four representatives of the Tata Group on Tuesday evening in New Delhi, including Natarajan Chandrasekaran, chairman of Tata Sons Pvt. Ltd., and Noel Tata, chairman of Tata Trusts. They had a 45-minute meeting with Finance Minister Nirmala Sitharaman.
It is believed that the government is "deeply concerned" about the possibility that the boardroom disputes at Tata Trusts would affect Tata Sons and other group companies' management. Given the group's systemic importance and contribution to the Indian economy, the narrative appears to be that Tata Trusts' ownership of Tata Sons carries a "public responsibility," and that any disagreement should be resolved amicably and internally.
According to reports, Tata Trusts is vertically divided, with one division supporting Noel Tata. With connections to the extended Shapoorji Pallonji family, which owns roughly 18.37% of Tata Sons, Mehli Mistry leads the other group of four trustees. According to reports, Mehli believes he has been kept in the dark about important issues.