Tata Trust meeting cancelled
India, May 9 -- A board meeting of Sir Ratan Tata Trust scheduled for Friday to reconsider nominations to the board of Tata Sons was cancelled for unspecified reasons, people with direct knowledge of the matter said.
The meeting was cancelled despite the Bombay High Court declining to stay the meeting of Sir Ratan Tata Trust (SRTT), which owns 23.6 per cent of Tata Sons, the holding company of the over USD 180 billion Tata Group.
"The meeting did not happen. No reason was specified," one of the persons said. No new date for the meeting has yet been informed.
An emailed query to Tata Trusts did not elicit a response. A petition had challenged the meeting, citing that the trust's current board composition breached statutory limits introd...
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