Tata Trusts (TT), the network of philanthropic bodies that owns two-thirds of the salt-to-software conglomerate, on Friday denied any wrongdoing in a 1989 share transfer. TT dismissed as “baseless, unsubstantiated and mala fide” allegations made by an individual regarding the transfer of shares by the Navajbai Ratan Tata Trust to the late Naval H Tata in 1989.
