Tata Sons board approves N. Chandrasekaran's new five-year term as chairman, reversing his earlier decision to step down.

Tata Sons board approves N. Chandrasekaran's new five-year term as chairman, reversing his earlier decision to step down.

The Tata Sons board has backed N Chandrasekaran for another five-year term and begun steps towards listing the holding company. The moves have triggered opposition from Tata Trusts, which has called them illegal and may challenge them.

All board members voted in favour of N Chandrasekaran’s reappointment except Noel Tata, chairman of Tata Trusts, who voted against the resolution. The resolution was passed by a majority.

InGovern states that Tata Sons' listing will enhance capital flexibility, transparency, and governance in its operations.

InGovern states that Tata Sons' listing will enhance capital flexibility, transparency, and governance in its operations.

Mumbai: Tata Sons board approved five-year extension for N Chandrasekaran as the chairman of the Tata Group holding company sources told ANI. The decision

The Tata Sons board has approved N Chandrasekaran’s continuation as chairman, but Noel Tata has opposed the move and termed the vote "illegal."