Who owns Tata, who runs it? The Tata Sons-Tata Trusts power tussle explained
Tata Sons said in a statement that "Chandra acceded to the Board's request to reconsider his decision". The board subsequently "resolved by a majority vote to re-appoint him as Executive Chairman for a further term of five years upon the expiry of his current tenure".
The Tata group leadership crisis has deepened with Tata Sons' board voting to extend N Chandrasekaran's term as executive chairman for another five years. This decision overturns Chandrasekaran's earlier plan to step down from his role. However, Tata Trusts, the conglomerate's majority shareholder, immediately rejected the resolution, intensifying the leadership struggle that has been ongoing for over a year.
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Also reported by 1 other outlet
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