I don’t understand why no journalist or media house ever mentions that Tata Trusts are a public charity, owned by the people of India, and that the trustees are there as custodians of this public wealth, and therefore should focus on welfare and charity rather than indulging in Tata business management and governance. Moreover, listing is the right thing to do so that all investors have a choice to stay invested or exit. RBI had given tata sons a deadline to get listed and it has not complied with
One issue that should be resolved with fairness is an exit option for the minority stake the Shapoorji Pallonji group holds in Tata Sons. That could have come through an IPO. Failing that, a valuation by a world class team of accountants.
I don’t understand why no journalist or media house ever mentions that Tata Trusts are a public charity, owned by the people of India, and that the trustees are there as custodians of this public wealth, and therefore should focus on welfare and charity rather than indulging in Tata business management and governance. Moreover, listing is the right thing to do so that all investors have a choice to stay invested or exit. RBI had given tata sons a deadline to get listed and it has not complied with
One issue that should be resolved with fairness is an exit option for the minority stake the Shapoorji Pallonji group holds in Tata Sons. That could have come through an IPO. Failing that, a valuation by a world class team of accountants.