Noel Tata Takes Helm of Tata Trusts, Trent Shares Surge

11 Oct 2024 , 03:16 PM

Trent shares rose 3.4% to Rs 8,309 on Friday on the BSE after Noel Tata was appointed chairman of Tata Group’s charity arm Tata Trusts, succeeding his half-brother Ratan, who died on Wednesday at the age of 86. Noel Tata is also the chairman of Trent.

With this appointment, Noel Tata becomes the eleventh chairman of the Sir Dorabji Tata Trust and the sixth chairman of the Sir Ratan Tata Trust.

Noel Tata, the son of Naval H. Tata and Simone N. Tata, has been closely linked with the Tata Group for more than 40 years. He has held several executive positions at Tata firms, including Trent, Voltas, and Tata Investment Corporation. He also serves as the Vice Chairman of Tata Steel and Titan Company Limited.

Ratan Tata had not nominated a successor before his death, thus the Tata Trusts boards required to appoint a new chairman from among the existing trustees. Sir Dorabji Tata Trust and Sir Ratan Tata Trust own a combined 66% of Tata Sons, the Tata Group’s parent company.

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