Parsi organisations write to PM Modi to preserve Tata Trusts-led ownership model: Report
Reported by Business Today, not nibnow. We are not the publisher of this story, only the source is.
The ownership model of Tata Sons influences how the Tata Group pursues long‑term goals and its commitment to ethics, philanthropy and social responsibility, which can affect the broader Indian economy and society.
The joint letter defended the existing ownership structure of Tata Sons, in which Tata Trusts holds a 66% stake, arguing that it has enabled the group to pursue long-term objectives while maintaining its commitment to ethics, philanthropy and social responsibility.
Tata Trusts is a philanthropic trust that holds a 66% stake in Tata Sons, the holding company of the Tata Group, one of India’s largest conglomerates; the trust’s ownership shape the group’s governance and strategic direction.
- •Any regulatory or policy discussions about corporate ownership structures in India
- •Further statements from Tata Trusts or Tata Group regarding the ownership model