Tata Sons and Tata Trusts Query Insurance for Power Struggle
Tata Sons and Tata Trusts are consulting insurance providers to determine coverage for liability claims and legal costs amid a corporate power struggle.
Tata Sons and Tata Trusts are consulting with insurance companies to assess the extent of coverage for potential liability claims and legal expenses. The inquiries specifically target directors and officers liability policies as the entities evaluate the financial risks associated with a corporate power struggle for control of the 185 billion dollar Indian conglomerate.
Tata Trusts, the charitable organizations that hold a 66 percent ownership stake in the holding company Tata Sons, are seeking clarity on whether their existing insurance will cover costs if the internal dispute leads to formal litigation.