Mumbai: Following the death of industrialist and former chairman of the Tata Group, Ratan Tata, numerous questions have arisen regarding his wealth, valued at over Rs 10,000 crore. Reports now indicate that Tata has allocated shares in his will to various individuals.
His half-sisters Shireen and Deena Jejeebhoy, brother Jimmy Tata, and Shantanu Naidu, who had a close relationship with Tata, along with his personal chef and pet dog Tito, have all been mentioned in the will.
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Tito, a German Shepherd, was adopted by Tata six years ago. According to the Times of India, the will includes provisions to ensure lifelong care for Tito. The dog will be cared for by his chef, Rajan Shah.
The will also references executive assistant Shantanu Naidu, who was a partner in the company Goodfellas, from which Tata has relinquished his shares. Tata has also forgiven a loan taken by Shantanu for foreign education. Naidu, who initially joined Tata Trust as a Deputy general manager, later became a trusted aide to Tata. Reports suggest that Subbayya, a chef who worked with Tata for over three decades, has also been granted a share in the will.
Assets under the foundation will be allocated to his half-sisters Shireen and Deena Jejeebhoy, as well as his brother Jimmy Tata. Shares in companies such as Tata Sons and Tata Motors will be donated to the Ratan Tata Endowment Foundation (RTEF). The RTEF operates under the leadership of N Chandrasekaran, chairman of Tata Sons.
Ratan Tata (86) passed away on October 9 at Breach Candy Hospital in Mumbai. He served as chairman of the Tata Group for 21 consecutive years and was instrumental in transforming the group into the global company it is today.