Ratan tata will: The will of the country’s well-known late industrialist Ratan Tata has been revealed. According to this, he has donated a large part of his property. His property worth about Rs 3,800 crore includes Tata Sons shares and many other assets.
According to the Economic Times report, he gave most of his assets worth Rs 3800 crore to ‘Ratan Tata Endowment Foundation’ and ‘Ratan Tata Endowment Trust’, which are engaged in social work related work. Let us know that Ratan Tata’s 70 percent stake in Tata Sons has been given to Ratan Tata Endowment Foundation (RTEF) and the remaining 30 percent to Ratan Tata Endowment Trust (RTET).
Family and friends also take care
However, while making a will, he also took care of family, close friends and pets. Some of his other properties include things like bank FDs, watches, paintings, which cost around Rs 800 crore. He has given one-third of this to his two step sisters- Shirin Jejebhoy and Dina Jejbhoy.
The remaining one third of Mohini M Dutta has been received, who has been a former Tata Group employee. She was also considered close to Ratan Tata. His will also includes the no-contact clause, under which the person challenging the will will lose all the property and rights given to him in the will.
Ratan Tata’s brother 82 -year -old Jimmy Naval will get a part of Juhu bungalow. He has given three guns to his close friend Mehli Mistry as well as three guns in Alibaug. One of them is also a.25 bore pistol, which he liked very much.
Pets also took care
Ratan Tata has also kept a fund of Rs 12 lakh for pets, under which every animal will get Rs 30,000 every three months, which will bear the expenses of their maintenance. Along with this, Ratan Tata’s manager and personal assistant has also been forgiven the education loan of Shantanu Nayakudu and neighbor Jake Malite.
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