Noel Tata to hand Trent chairmanship to Bahram Vakil

Business · First reported 29 Oct, 23:53 · Updated 00:21

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Noel Tata is due to retire as Trent chairman on November 11, with Bahram Vakil taking over the next day. The reports also describe other board changes and Noel’s planned departures from several company boards.

Vakil, co-founder of AZB & Partners and a Trent non-executive director since April, is set to become chairman on November 12; Noel retires from the role on November 11.
The reports say Tata Sons owns 32% of Trent and that the company’s revamped board will have no Tata Sons nominees after November 11.
Rajiv Dube and Kalpana Merchant were appointed to Trent’s board effective October 30. Noel is also due to leave the boards of Voltas, Tata International, Tata Steel and Titan, while continuing as a Tata Sons director.

Summary written by Lux AI from 2 articles

Key facts

Chairmanship transition: Noel retires November 11; Vakil takes over November 12.
Tata Sons’ Trent holding: 32%.
Rights issue: Rs 2,500 crore; Tata Sons recently took part.
New board appointments: Rajiv Dube and Kalpana Merchant, effective October 30.