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Legal● Neutral for Tata Sons
Nariman says Tata Trust nominees must exercise independent judgement
The brief
- A 2025 opinion by former SC judge Rohinton Nariman said Tata Trusts could not direct nominee voting
- Nominees must exercise independent judgement
- Tata governance could affect Tata Sons and listed Tata Group companies
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| TATACONSUM | Fri, 25 Sept | −0.3% | −0.6% | 0.8× | −0.3% · Nifty +0.3% |
| TATASTEEL | Fri, 25 Sept | −0.0% | −0.4% | 0.5× | −0.0% · Nifty +0.3% |
| TCS | Fri, 25 Sept | −0.2% | −0.6% | 1.1× | −0.2% · Nifty +0.3% |
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Tata Sons–Tata Trusts governance dispute
Tata Trusts, which owns 66% of Tata Sons, and the company’s board are divided over N. Chandrasekaran’s reappointment and a possible listing. The dispute has prompted government queries about Tata’s $14 billion semiconductor plans, which the group reassured officials would continue as planned.
Friday, 25 September
Thursday, 24 September
- Nariman says Tata Trust nominees must exercise independent judgement