New Delhi8 minutes ago
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Before his death, Ratan Tata has given the name of his colleague Shantanu Naidu in his will worth Rs 10,000 crore. According to a Times of India report, the business tycoon has transferred some of his stake in Naidu’s name in good faith and has also contributed towards the expenses of his education abroad. Shantanu joined Tata Group in 2014.
As part of the Rs 10,000 crore bequest, Ratan Tata’s assets include a 2,000 square foot bungalow in Alibaug, a two-storey house on Juhu Tara Road in Mumbai, fixed deposits (FDs) worth over Rs 350 crore and $165 billion. (about Rs 13.94 lakh crore) includes 0.83% stake in Tata Group, which will be transferred to Ratan Tata Endowment Foundation (RTEF). Ratan Tata has also made provisions in his will for ‘unlimited care’ of his beloved Tito (dog).
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