Two days later, his half-brother Noel Tata was unanimously appointed chairman of Tata Trusts, whose constituent trusts together own around 66 per cent of Tata Sons. Noel joined the Tata Sons board as a Tata Trusts nominee in November 2024. They subsequently proposed Mistry, a close associate of Ratan Tata, as a Tata Trusts nominee on the Tata Sons board, but Noel and Srinivasan opposed the move. The Sir Ratan Tata Trust — one of Tata Sons’ largest shareholders — faced restrictions on taking important decisions while the inquiry continued. It represents the breakdown of the informal consensus that governed the Tata system under Ratan Tata.