HT Exclusive: Noel Tata opposes listing, says profit may take precedence over philanthropy
Noel Tata, chairman of Tata Trusts, expressed worry on Saturday that listing Tata Sons could change the way the Tata Group operates. He warned that with a large number of shareholders, profit might eventually take priority over philanthropy. Tata also questioned the group's ability to follow through on its strategic direction. Speaking at the 24th Hindustan Times Leadership Summit, he said that becoming chairman after years as a trustee had humbled him.
He highlighted the magnitude of societal challenges and the potential to assist the marginalized. The information desk of Hindustan Times provides round-the-clock coverage of breaking news, major developments, and agenda-setting stories from India and around the world.
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- ‘Are you going to sell fabric cut-pieces?’ How Noel Tata defied doubters to build a retail powerhouse livemint.com
- 'Will change Tata way': Noel warns Tata Sons listing may put profits ahead of philanthropy timesofindia.indiatimes.com
- Noel Tata worries market listing will change the 'Tata way' hindustantimes.com
