Noel Tata appointed as Chairman of Tata Trusts

Mumbai: Noel Tata has been appointed as chairman of Tata group’s philanthropic arm Tata Trusts on Friday.

The board of Tata Trusts met on Friday morning and approved the appointment of Noel Tata, the half-brother of Ratan Tata, as the chair of Tata Sons.

Noel’s appointment is of significance as Tata Trusts owns 66% of Tata Sons, the holding company of various firms under the Tata brand.

Tata Sons is 65.9% owned by the trusts, 12.87% by half a dozen Tata Group companies, and 18.4% by the Mistry family.

(Input from agencies)

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