So Long, Tata
Keki Dadiseth and Nasser Munjee, the two heavyweights of Tata Trusts, which holds 66 per cent stake in Tata Sons, have called it quits as trustees. As independent directors of Tata group firms, Dadiseth and Munjee had supported Cyrus Mistry, former Chairman of Tata Sons, who was removed from the company after his bitter battle with industrialist Ratan Tata. Speculation is rife that their decision to move out of Tata Trusts is a fallout of extending support to Mistry. Earlier, Dadiseth was on the board of Indian Hotels. Munjee continues to remain an independent director at Tata Motors and Tata Chemicals.