Top honchos of the Tata group, including Tata Trusts chairman Noel Tata and Tata Sons chairman N Chandrasekaran, on Tuesday met Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman amid infighting among trustees over board appointments and governance issues.
Noel Tata and Chandrasekaran, along with Tata Trusts Vice Chairman Venu Srinivasan and trustee Darius Khambata, arrived together in the evening at Shah's residence for the meeting.
Sitharaman also joined in at the home minister's residence.
The meeting came against the backdrop of infighting among the trustees of Tata Trusts over board appointments and governance issues, which threaten to impact the functioning of the over $180 billion conglomerate.
Tata Trusts exerts decisive influence over India's most valuable conglomerate through its about 66 per cent stake in Tata Sons, the promoter and holding company of the salt-to-semiconductor group.
Sources said Tata Trusts is said to be vertically split, with one section aligned with Noel Tata, who was appointed chairman of the Trusts following the death of Ratan Tata.
The other grouping of four trustees is led by Mehli Mistry, who has ties with the extended Shapoorji Pallonji family, which owns about 18.37 percent of Tata Sons. -- PTI