Explainer: Why Tata Sons and Tata Trusts are locked in a power struggle
Tata Sons and its 66% shareholder Tata Trusts are at odds over N Chandrasekaran's reappointment and a possible listing
Tata Sons has declared that its decision to reappoint N Chandrasekaran as chairman of the company was legally valid, according to a letter addressed to Tata Trusts chairman Noel Tata. This marks the first formal response from the conglomerate to questions raised by the Tata Trusts, who collectively control the majority stake in Tata Sons. The dispute has led to intense public statements and internal disagreements within the 158-year-old Tata group, making it the most significant internal crisis in recent years.
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- Tata Sons tells Noel Tata Chandrasekaran reappointment was legally valid: Report timesofindia.indiatimes.com
