Tata Trusts control two-thirds of Tata Sons and were a prime moving force behind the surprise ouster of Cyrus Mistry on 24 October. “The main worry of the trust was the decline in the dividend income of Tata Sons from the operating companies,” he said. Tata Trusts control two-thirds of Tata Sons and were a prime moving force behind the surprise ouster of Cyrus Mistry on 24 October. ALSO READ | How N. Chandrasekaran became Tata Sons chairmanDwindling dividend growth has been often cited in Tata group communiques and interviews as a key reason for replacing Mistry. When asked whether the Tatas will revisit the three-tier group structure comprising Tata Trusts, Tata Sons and group companies to avoid a repeat of the fracas, Mehta said the problems did not arise from the structure.

Source: Mint January 13, 2017 21:45 UTC