New Delhi, June 8 (IANS) Tata Trusts trustees are scheduled to meet on Monday to review presentations on some of Tata Group’s biggest loss-making and long-gestation businesses, including Air India and Tata Digital, according to multiple reports.
The meeting assumes significance as it comes days ahead of a crucial Tata Sons board meeting scheduled for June 12, where governance, leadership and capital allocation issues are expected to come under discussion, according to them.
In addition, presentations relating to businesses such as Air India, Tata Digital and Tata Electronics are expected to be reviewed by trustees, with discussions likely to focus on investment rationale, operating performance and continued losses in some of the group’s newer businesses.
It remains unclear who will make the presentations before the trustees.
However, Tata Trusts Chairman Noel Tata is expected to share observations following discussions held during the Tata Sons board meeting on May 26.
Reports claim that the outcome of these discussions could become an important input for future deliberations around leadership, capital allocation priorities and investment pace across several emerging businesses within the Tata Group.
They further suggested that Air India, Tata Digital and Tata Electronics remain among the businesses drawing the greatest attention because of their significant capital requirements and long gestation periods.
Reports also claimed that broader discussions within Tata Trusts have increasingly focused on governance, succession planning, capital allocation and the future direction of the Tata Group.
The developments come amid reported internal discussions around issues including Tata Sons Chairman N Chandrasekaran’s possible third term, board representation and broader governance matters that could come under sharper focus during the June 12 Tata Sons board meeting.
However, Tata Sons and Tata Trusts have not commented anything regarding the matter till writing the story.
–IANS
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