Tata Trusts board defers Chandrasekaran's third term, Tata Sons listing call
Monday's Tata Trusts board meeting sidestepped two pivotal decisions: N Chandrasekaran's reappointment as Tata Sons chairman and the holding company's potential listing. The deferral, tangled in a 1989 share transfer dispute and RBI's 25% cap rules, leaves succession planning at the parent of Trent, Croma and Tata Digital in limbo through February 2027.
Tata Trusts board met Monday but deferred decisions on Chandrasekaran's third term as Tata Sons chairman and the holding company's potential listing, amid legal hurdles and a 1989 share transfer dispute affecting the conglomerate's retail-owning parent.