Top News

Tata Trusts sons update: In a significant development amid the ongoing legacy conflict in Tata Trusts Mehli Mistry once the close associate of late Ratan Tata announced to step down as a Trustee of Tata Trusts. Following an internal rift in the group Mehli Mistry was ousted from Tata Trusts. Here are all the details you need to know on what the forner Tata Trusts trustee has said in his letter addressed to Noel Tata the chairman of the Tata Trusts. What Mehli Mistry said in his letter tp Noel Tata? My commitment to Mr. Ratan N Tata’s vision includes a responsibility to ensure that the Tata Trusts are not plunged into controversy. I believe that precipitating matters would cause irreparable harm to the reputation of the Tata Trusts he wrote in the letter. According to Mistry his letter to Noel Tata the incumbent chairman of Tata Trusts should assist in putting the quietus on speculative news reports that do not serve the interests of the Tata Trusts and are inimical to its vision a report by IANS news agency said. Mistrys tenure at the Tata Trusts Mistry said that during his tenure at the Tata Trusts he was guided by Ratan Tatas vision of ethical governance quiet philanthropy and utmost integrity. He expressed hope that other trustees going forward will be guided by the principles of transparency good governance and public interest. “I believe that precipitating matters would cause irreparable harm to the reputation of the Tata Trusts. Therefore in the spirit of Mr. Ratan N Tata who always put public interest before his own I hope that the actions of the other trustees going forward will be guided by the principles of transparency good governance and public interest” Mistry wrote. “Nobody is bigger than the institution it serves” he concluded his letter with a quote he attributed to Ratan Tata. (With inputs from agencies)