Tata Trusts rift deepens: Noel Tata-led trustees say 'Trusts do not run Tata Sons' as they defend restructuring plan to avoid listing

Trustees of Tata Trusts have rebuffed objections from two senior trustees concerning a proposed restructuring of Tata Sons. They emphasized that the Reserve Bank of India has not required a listing for Tata Sons. Additionally, they asserted that the restructuring does not jeopardize the charitable status of the trusts. The trustees referenced past resolutions in support of preserving Tata Sons' unlisted status.