At Bloomberg's New Economy Forum, Chandrasekaran defended chip investments and long-term capital allocation, even as differences with Tata Trusts Chairman Noel Tata deepen over leadership and listing
After the RBI classified Tata Sons for listing in 2022, Tata Trusts first sought to end its NBFC status and, after that bid failed, proposed merging two operating businesses into the holding company
Tata Trusts wants to merge two operating businesses into Tata Sons, arguing that the combined revenue and assets would take it outside the NBFC and CIC framework and allow it to remain unlisted
Tata Trusts have proposed merging Tata Electronics Systems Solutions and Tata Consulting Engineers with Tata Sons to help it shed its NBFC and CIC classifications and remain unlisted
On one side is family patriarch Noel Tata, who heads Tata Trusts, on the other is N Chandrasekaran, Tata Sons' chairman with no links to the founding family but a slew of powerful corporate backers
Experts say an NCLT-approved restructuring may be legally feasible, but it would not by itself override RBI requirements or remove Tata Sons' listing obligation
A 4:1 board vote has opened a legal battle over Tata Sons' Articles, the Trusts' special voting rights and whether a casting vote can override their opposition to Chandrasekaran's reappointment
Separation of ownership and control could increasingly be an option for businesses across the world, according to Cohen, who's a top global family enterprise academic
Directors voted 4-1 to extend N Chandrasekaran's tenure by five years and advance listing plans, rebuffing Tata Trusts chairman Noel Tata's push to keep the group private
TCS led the decline, erasing ₹30,754 crore in market value, while shares of Tata Chemicals, Tata Technologies and Tata Elxsi also fell sharply on Friday amid the row
Shares of India's Tata Group companies lost $4 billion in market value on Friday, as investors reacted to heightened uncertainty over the potential listing and leadership of holding company Tata Sons
The dramatic September 17 board meeting has left the Tata Sons listing at an interesting juncture, with Noel Tata-led Tata Trusts saying no to it. Here are the four questions that remain unanswered
Tata Sons cleared N. Chandrasekaran's five-year reappointment and its proposed listing. Tata Trusts has opposed both the reappointment and listing, citing the Trusts' public-purpose role in the group.
Tata Sons' board vote on N Chandrasekaran's reappointment and the mandatory listing has renewed questions over governance, board authority and Tata Trusts' rights
