From Financialexpress · Urvi Malvania · · 50s
Noel Tata seeks PMO meeting to explain listing stance
Tata Trusts chairman seeks PMO meeting to clarify opposition to Tata Sons listing.
In brief
Tata Trusts chairman seeks PMO meeting to clarify opposition to Tata Sons listing. Noel Tata wants to meet the Prime Minister's Office to explain why he opposes listing Tata Sons, which could change its century-old ownership structure. Originally reported by Financialexpress.
Noel Tata seeks PMO meeting
Tata Trusts Chairman Noel Tata has sought a meeting with the Prime Minister’s Office to explain his opposition to the listing of Tata Sons.
“Appointment has been sought but it has not been fixed as yet”
Tata Trusts oppose listing
Tata Trusts hold around 66% of the holding company and fear listing would alter their century-old ownership structure.
“Tata’s main concern is that a listing would alter the group’s century-old ownership structure”
Board meeting tension
Tensions between Tata Trusts and Tata Sons escalated after a September 17 board meeting over chairman continuation and private holding status.
“The friction centres on two issues concerning the future of Tata Sons: N Chandrasekaran’s continuation as chairman and the holding company's status as a privately held entity”
The one thing
Noel Tata wants to meet the Prime Minister's Office to explain why he opposes listing Tata Sons, which could change its century-old ownership structure.
