Bombay High Court Clarifies Distribution of Ratan Tata's Will and Four Codicils

The Bombay High Court clarified that any listed or unlisted shares of the late Ratan Tata not explicitly dealt with in his original will are to be divided equally between the Ratan Tata Endowment Foundation and the Ratan Tata Endowment Trust. 

Justice Manish Pitale interpreted the will (dated February 23, 2022) and its four codicils, noting the fourth codicil (dated December 22, 2023) revised the residuary clause to include all such shares .

The executors had requested clarification because previous clauses had given some shares to associates and relatives.

The Court held that only the residuary clause is changed, and the other clauses in the original will remain unchanged and valid.