Ratan Tata had named lawyer Darius Khambata and shut pal and affiliate Mehli Mistry as executors of his will, with half-sisters Shireen and Deanna Jejeebhoy, in keeping with an Financial Occasions report, which cited unnamed executives conscious of the matter. HT could not independently confirm the knowledge.
Ratan Tata who was the chairman of Tata Trusts in addition to the chairman emeritus of Tata Sons, handed away on the age of 86 in Mumbai’s Breach Sweet hospital on the evening of October 09, 2024, as a result of age-related points.(Indranil Mukherjee/AFP)
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Who’s Mehli Mistry?
Mehli Mistry, a primary cousin of the late Cyrus Mistry, was a confidante of Ratan Tata, being concerned in caring for him in his final years in addition to backing him within the row that ensued when Cyrus Mistry was ousted as Tata Sons chairman.
In 2022, he was appointed as a trustee on the board of the 2 foremost Tata charities, the Sir Dorabji Tata Belief and the Sir Ratan Tata Belief. These wo trusts personal round 52% in Tata Sons, the personal holding firm of all main Tata firms.
Other than this, he’s additionally on the board of greater than a dozen firms together with the M Pallonji Group, which is engaged in paints, dredging operations, logistics, delivery, finance, auto dealerships and life insurance coverage, Breach Sweet Hospital itself, the Superior Veterinary Care Basis and the Tata Indian Institute of Social Expertise, in keeping with the report.
Who’re the Jejeebhoy sisters?
The Jejeebhoy sisters, whom Ratan Tata was very near, are the daughters of Ratan Tata’s mom Soonoo from her second marriage to Sir Jamsetjee Jejeebhoy.
Deanna Jejeebhoy had been a trustee on Ratan Tata Belief’s board within the 90s and early 2000s, in keeping with the report.
Who’s Darius Khambata?
Advocate Darius Khambata helped Ratan Tata draft his will and had returned final yr as a trustee on the two main trusts after an virtually seven-year hiatus as a result of skilled commitments, in keeping with the report.
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What occurred to Ratan Tata?
Ratan Tata who was the chairman of Tata Trusts in addition to the chairman emeritus of Tata Sons, handed away on the age of 86 in Mumbai’s Breach Sweet hospital on the evening of October 09, 2024, as a result of age-related points.
His half-brother, Noel Tata succeeded him because the chairman of Tata Trusts.
What are the essential belongings held by Ratan Tata?
Ratan Tata held a 0.83% stake in Tata Sons and had a ₹7,900 crore web value, in keeping with the Hurun India Wealthy Listing 2024. He had all the time donated a good portion of his wealth to charity.
He had additionally invested in practically two dozen firms together with Ola, Paytm, Tracxn, FirstCry, BlueStone, CarDekho, CashKaro, City Firm and Upstox.
He owned a vacation residence on the shores of the Arabian Sea in Alibaug, alongside along with his Mumbai residence in Colaba.
Ratan Tata’s private funding automobile RNT Associates Pvt Ltd additionally held round ₹186 crore of investments till the monetary yr 2022-23. Ratan Tata and Mehli Mistry have been the one two members on its board.
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