Recently, India’s veteran industrialist Ratan Tata passed away in a hospital in Mumbai. Who will be the owner of his will from then on? There was continuous discussion on this. Now the details of this have also come to light. According to the Hurun India Rich List released in August 2023, Ratan Tata held 0.83% stake in Tata Sons. Due to which his total wealth was estimated to be around Rs 7,900 crore. The market value of his stake in Tata Sons is approximately Rs 16.71 lakh crore.
The names of these four people are in the will
According to the reports of Times of India, Ratan Tata had left behind a detailed will, which will be implemented by people close to him. The names of his half-sisters Shireen and Diana Jejeebhoy, lawyer Darius Khambata and his close friend Mehli Mistry are included in the will. Although the complete details of the will have not been made public, it is clear that a large part of Tata’s wealth will be dedicated to charity. This is a testimony to Ratan Tata’s philanthropic approach to life for which he was always known.
Who is Mehli Mistry?
Mehli Mistry, who was a close friend of Ratan Tata, has also worked with Tata Trust for a long time. The Tata Trusts, which hold 52% of Tata Sons, play a key role in the company’s operations. The work of these trusts is to invest in social and philanthropic activities, which symbolizes the ideology of Ratan Tata.
What do his lawyers say?
Lawyer Darius Khambatta clarified that he had neither prepared the draft of the will nor given any advice regarding it. According to him, he saw Ratan Tata’s will for the first time after his death. Ultimately, it is the responsibility of the executor of the will to ensure that Ratan Tata’s final wishes are followed. Tata’s will proves that he valued philanthropy more than property, and his life was always focused on contributing to society.
