Tata Sons board backs five-year extension for Chandrasekaran; Noel Tata opposes
The Tata Sons board approved a five-year extension for N Chandrasekaran as chairman, despite opposition from Noel Tata. The board also plans to list the company on exchanges, complying with a Reserve Bank of India mandate. These decisions will be subject to ratification at the upcoming annual general meeting, where Tata Trusts holds a 66% stake.