New Delhi: Mohini Mohan Dutta, a former director at Taj Hotels and a close associate of Ratan Tata, has reportedly accepted the terms of Tata’s will, according to the Times of India. The will grant Dutta one-third of Ratan Tata’s remaining estate, valued at about Rs 588 crore. This acceptance is expected to fast-track the legal process for obtaining probate from the Bombay High Court.
Dutta to Get One-Third of Estate
The 77-year-old Dutta was among nearly two dozen beneficiaries of Ratan Tata’s Rs 3,900 crore estate who had earlier raised concerns about the value of their inheritance, according to TOI. Dutta, as per the will, will receive one-third of the residual estate while the remaining two-thirds will go to Tata’s half-sisters. Deanna and Shireen Jejeebhoy. The estate value mentioned excludes immovable properties and shares. The half-sisters are also the executors of the will.
Also Owns Rs 10 Cr Worth Shares in Tata Capital
Ratan Tata’s Rs 3,900 crore residual estate includes foreign currency notes, bank deposits, and crystal pieces, according to the Times of India. In addition to what he’s set to receive from the will, Mohini Mohan Dutta also holds 1.04 lakh shares in Tata Capital, valued at around Rs 10 crore. Notably, Tata Capital is expected to go public soon.
