- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Ratan Tata's siblings to take control of his Rs 10000 crore stake in Tata Group companies, they are...
This comes as the boards of the Ratan Tata Endowment Foundation (RTEF) and Ratan Tata Endowment Trust (RTET), which manage his financial investments, are set for restructuring
Updated : Feb 09, 2025, 11:23 AM IST
 "Ratan Tata")
TRENDING NOW
)
HC imposes Rs 25000 fine on Anil Ambani for seeking...; asks him to pay amount to...
)
Shruthi Narayanan lashes out at netizens for 'spreading' her leaked MMS, warns legal action: 'Go and enjoy your mother, sister videos'
)
Salman Khan reacts after Bollywood remains silent on Sikandar, says 'I need support': 'They think I don't...'
)
Casting couch scandals resurface: Tamil actress Shruthi Narayanan's viral video sparks fresh debate in film industry
)
This country holds largest gold reserve in world, boasts over 8000 tonnes, not Germany, China, Russia, it is...
)
Govt loses Rs 17570000000 as BSNL fails to bill Mukesh Ambani's Reliance Jio for...
)
Forget Aabha Paul, check out 5 hot pics, videos of Kangana Sharma
)
Sania Mirza opens up about celebrating Eid-ul-Fitr with son Izhaan after divorce from Shoaib Malik: 'Eid is day we truly...'
)
Indian-Canadian couple's dream wedding in Bengaluru turns tragic as colour bomb explodes on bride's back, watch viral video
)
CSK vs DC IPL 2025 Dream11 prediction: Fantasy cricket tips, probable playing XIs, team news, injury updates for Chennai Super Kings vs Delhi Capitals
)
After leaked casting couch video, Shruthi Narayanan's old statement about social media goes viral: 'You can't share everything, it might...'
)
Who is Rishi Parti, man who bought most expensive penthouse at Gurugram's DLF Camellias for Rs 190 crore, built company at 24, his business is...
)
Meet Chandrakumari Raghuram Shetty, wife of BR Shetty, Dubai billionaire who had to sell his company for just Rs 74
)
Panchayat Season 4 release date: Jitendra Kumar aka Abhishek Tripathi is back as Sachiv ji; Prime Video's hit show to release on...
)
BAD news for central government employees, pensioners as 8th Pay Commission implementation may get delayed till...
Ratan Tata’s three siblings are preparing to take control of his stake in Tata group companies. This comes as the boards of the Ratan Tata Endowment Foundation (RTEF) and Ratan Tata Endowment Trust (RTET), which manage his financial investments, are set for restructuring.
According to reports, Ratan Tata’s half-sisters Shireen and Deanne Jejeebhoy and his half-brother Noel Tata will become trustees in Tata group companies. RTEF and RTET received Tata’s financial assets a few years before his passing in October 2024.
Ratan Tata held 0.83% of Tata Sons, the group’s holding company. He also had shares in Tata Digital, Tata Motors, and Tata Technologies, along with investments in startups. Reports suggest these startup investments will either be sold, with proceeds going to RTET, or directly transferred to the trust. His total estate is valued at over Rs 10,000 crore.
RTEF and RTET focus on education, healthcare, and social welfare. They will now have voting rights in Tata group companies. The board of RTEF will expand to six trustees, while RTET will have seven. Tata Sons chairman N Chandrasekaran is expected to be the managing trustee but cannot serve as chairman due to company rules.
The current trustees of RTEF are Raghavan Shastri and Burzis Shapur Taraporevala, while RTET’s trustees Darius Khambata and Pramit Jhaveri are expected to step down. Sidharth Sharma, Tata Sons’ legal head, will join RTET.
Jamsheed Poncha from Tata Sons will become the CEO of both organisations. The executors of Ratan Tata’s will include Shireen and Deanne Jejeebhoy, Darius Khambata, and Tata Trusts trustee Mehli Mistry. Apart from Mistry, all will serve on the boards of RTEF and RTET.
