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Tata, 86, breathed his last at a city hospital where he had been admitted for the last few days.
“We rededicate ourselves to carrying forward his legacy and that of the founders, which is rooted in India’s civilisational values and strives for the welfare of all,” Sharma said in a statement.
Tata Trusts is a group of non-profits which hold about two thirds of ownership in the salt-to-software conglomerate.
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Sharma also said the Trusts will miss Ratan Tata’s physical presence but he will always live in their hearts and minds.