Tata Sons Interim Chairman Ratan Tata has no plans to step down from the chairmanship of Tata Trusts at this point in time.
“The reference to the media discussion with some trustees relates to the process being put in place for leadership succession in the trusts in the future, to enable an ordered and smooth transition of leadership,” the company said in a statement.
Tata also said the trusts were undertaking many initiatives that had a national impact and he is looking forward to continuing his involvement with these initiatives in the trusts.
He was, however, keen that a process should be put in place for a smooth succession at an appropriate time.