Tata Sons to go public: A look at years of legal and regulatory hurdles

The Tata Sons board has approved a plan to list the company, as mandated by the Reserve Bank of India. According to The Indian Express, this decision was made during a board meeting where the reappointment of N Chandrasekaran as chairman for a fresh five-year term was also approved, despite opposition from Tata Trusts Chairman Noel Tata.

The reappointment of Chandrasekaran and the listing plan will need to be ratified by the annual general meeting of Tata Sons, where Tata Trusts hold a 66 per cent stake. As per The Indian Express, Venu Srinivasan, a Tata Trusts nominee on the board, supported the reappointment of Chandrasekaran and the listing plan. If the AGM vetoes the proposals, they will not be approved under the Companies Act.

Chandrasekaran had previously announced in August that he would not seek another term when his current tenure ends on February 20, 2027, but has now reversed that decision. The Indian Express and Times of India reported that Noel Tata opposed the reappointment at the board meeting.

Brief written by urgent.news from Business Standard IN, The Indian Express, Times of India — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.