Tata Sons board clears Chandrasekaran's reappointment, moves ahead with listing plan

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.

In Short

• The decisions were taken at a three-hour Mumbai board meeting on Thursday
• Chandrasekaran had earlier declined another term before agreeing after board request
• Both proposals still need shareholder approval at the company's annual general meeting

The Tata Sons board has approved a fresh five-year term for N Chandrasekaran as executive chairman and decided to start the process of listing the group’s holding company, reported PTI. Tata Trusts, however, has called the decisions “illegal” and may challenge them.

The decisions were taken at a roughly three-hour board meeting in Mumbai on Thursday, September 17.

Chandrasekaran, 63, had told the board in August that he did not plan to seek reappointment when his current term ends on February 20, 2027. He has now agreed to reconsider that decision following a request from the board.

(This is a developing story.)

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