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India’s government is mediating a Tata Trusts power struggle threatening Tata Sons’ future.
The Indian government is stepping in to mediate escalating conflicts among trustees of the Tata Trusts, which could impact Tata Sons, the $180-billion conglomerate.
Senior officials are meeting top Tata leaders to address disputes over board appointments, transparency, and control, following the removal of nominee director Vijay Singh and a threatening email reportedly targeting Venu Srinivasan.
The rift, intensified since Ratan Tata’s death, has stalled key decisions, including a pending public listing, as Tata Sons faces an RBI deadline to list or deregister.
A trustee meeting on October 10 may determine the group’s stability.
El gobierno de India está mediando una lucha de poder de Tata Trusts que amenaza el futuro de Tata Sons.