Tata Sons controlled Tata Trusts may soon witness a major rejig, reported Business Standard, citing sources.

Share Market Live

NSE

The development comes after the recent withdrawal of income-tax exemption for Sir Dorabji Tata Trust, one of the oldest and biggest philanthropic organisations in the country, on the alleged violation of certain conditions linked to the compensation paid to the trust’s managing trustee R Venkataramanan.

The development has now put a question mark on the role of Venkataraman, said the report, adding that he may even step down as managing trustee to settle the issue.

The sources told the paper that a board meeting headed by Ratan Tata is expected to make the decision about the future course next week.

While no comment was available from Tata Trusts, the report said that other changes too may be introduced to the century old trusts structure.