Trent Ltd. shares surged after the announcement of Noel Tata’s appointment as the new chairman of Tata Trusts. The appointment comes after the passing of Ratan Tata on October 9, 2024, marking a significant shift in leadership for the conglomerate. Tata Trusts, which holds a 66% stake in Tata Sons, is one of the most influential entities in the Tata Group.
Noel Tata has been a trustee of both the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust and brings four decades of experience in various leadership roles across Tata companies, including Trent, Tata International Ltd, and Tata Investment Corporation. His leadership has been particularly evident at Trent, where the company’s stock has surged 172% in 2024, pushing its market capitalization toward the ₹3 lakh crore mark.
His leadership at Trent, where the stock price has surged 172% in 2024, underscores his capability in steering businesses to success. This growth has pushed Trent’s market capitalization towards the ₹3 lakh crore mark, highlighting Noel’s proficiency in the retail space.
As of 2:43 PM, Trent shares were trading 2.60% higher at ₹8,238.00 on the NSE.
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