Tata group stocks rise after Tata Sons reappoints Chandrasekaran
Shares across the Tata group jumped after Tata Sons’ board voted to reappoint N Chandrasekaran as Executive Chairman for a fresh five-year term; Tata Trusts contested the move as a legal nullity.
Shares across the Tata group rose sharply on Thursday after the Tata Sons board voted by majority to reappoint N Chandrasekaran as Executive Chairman for a fresh five-year term. Tata Trusts, the majority shareholder, immediately contested the move as a legal nullity. Tata Investment Corporation led the gains.