Mumbai, March 27
Tata Trusts today said group veteran NA Soonawala has stepped down from the trusteeship of the Sir Dorabji Tata Trusts and the Sir Ratan Tata Trusts due to health and advancing age.
Tata Trusts is a string of non-profits and owns 66% in the diversified conglomerate Tata Sons and is fighting a litigation with the tax department for allegedly over-paying its past chief executive R Venkatramanan.
The 83-year-old Soonawala, who has served at various positions in the Tata Group, has “expressed his desire to retire from these trusts due to his health and advanced age,” an official statement said.
Ratan Tata expressed his “personal thanks to Soonawala for his colleagueship over the years and wished him good health in the years ahead”, the statement added. — PTI
from The Tribune https://ift.tt/2JNppwY
via Today’s News Headlines
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