International Desk: Industrialist Ratan Naval Tata died on October 9 at the age of 86. After his death, the question of his property of 10 thousand crore rupees began to arise - what is the share of the will of the property?
Almost
According to Indian media reports, the top industrialist also bequeathed a portion of his wealth to brother Jimmy Tata, half-sisters Shireen and Diana Jejivoy and beloved pet dog Tito. The will also includes the share of his cook Rajan and butler Subbia. Along with that, the said Shantanu Naidu has also given share of the property.
Unlimited care for Tito
Ratan Tata included a provision in his will to guarantee lifelong care for German Shepherd Tito. Leaving provisions for pets is common in Western countries, but similar cases are rare in India.
Tito was adopted by Ratan Tata five-six years ago after the death of a former dog of the same name. He will be looked after by his long time cook Rajan.
What did Naidu get?
The will mentions Shantanu Naidu, Ratan Tata's executive assistant. Tata has divested his stake in Shantanu Naidu's 'Goodfellow' company. Apart from this, Shantanur also waived personal loans taken for studying abroad. Tata's friendship with Naidu, a young man from Pune who started working for the Tata Group, grew out of their mutual affection for dogs.
Besides, most of Ratan Tata's wealth is in Tata Sons and his stake in various Tata group companies. It will now be transferred to the Ratan Tata Endowment Foundation (RTEF). This foundation will pay for non-profit work. Not only this, the investment that Ratan Tata made in his personal capacity in the startup will be canceled and the money will be transferred to this foundation.