Tata Fireworks Continue: Hours Before Tata Sons Board, A Tata Trust Tries To Recuse Its Nominee; Venu Srinivasan Refuses
Tata Sons faces internal conflict over a potential public listing. Sir Dorabji Tata Trust barred Venu Srinivasan from discussing or voting on the issue, but he refused, citing fiduciary duties. The dispute follows RBI's directive for Tata Sons to comply with Upper Layer NBFC guidelines, including a possible listing. Tata Trusts hold 65% of Tata Sons' equity, with Shapoorji Pallonji group holding 18.37%.

