SRTT voting freeze shifts Tata Sons power to smaller trusts

SRTT voting freeze shifts Tata Sons power to smaller trusts

If the Sir Ratan Tata Trust cannot vote at Tata Sons, its 23.56 percent stake would be excluded, leaving the Sir Dorabji Tata Trust with 36.60 percent of the reduced voting base. Six smaller Tata trusts could combine with SDTT to reach 55.37 percent, enough to pass an ordinary resolution and influence N Chandrasekaran's reappointment as chairman.

Source: Moneycontrol

More in Business & Finance

Read the live feed on ZapIndies