Tata Trusts’ board met on Friday and discussed routine affairs amid murmurs of a rift between trustees over board appointments and governance, NDTV reported, citing sources.
Tata Trusts holds a 66% stake in Tata Sons, which manufactures everything from salt to semiconductors and shapes India’s large conglomerate.
Sources familiar with the development told NDTV that no controversial issues were discussed during the meeting, not even any reference to past events.
The meeting took place after reports suggested that internal tensions had increased within the group, and that Tata Trusts Chairman Noel Tata and Tata Sons Chairman N. Chandrasekaran had held a meeting with Union Home Minister Amit Shah and Union Finance Minister Nirmala Sitharaman.
People in the know said that the Centre asked Tata Trusts to resolve internal differences amicably and maintain the institution’s stability.
Sources said that a rift had appeared over the board seats at Tata Sons.
