Mehli Mistry voted out from Tata Trusts
Mehli Mistry, a close confidant of Ratan Tata, is on his way out of Tata Trusts after a majority of trustees voted against his reappointment to the boards of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. With three of the six trustees opposing his renomination through a circular resolution circulated last week, Mistry is set to step down from the governing boards of the Tata Trusts.