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Succession planning at Tata Trusts: Firm may get its first vice-chairman

The exercise might reflect a continuity and cohesion between Tata Sons and Tata Trusts

Topics
Tata Group  |  N Chandrasekaran  |  Cyrus Mistry

Nivedita Mookerji & Shally Seth Mohile  |  New Delhi/Mumbai 



The company plans to raise an additional Rs 100 billion in 2019 financial year by participating in the buyback of shares of Tata Consultancy Services

The $103-billion is learnt to be chalking out a succession plan, and a decision is expected within months. The exercise might reflect a continuity and cohesion between and Tata Trusts, sources indicated.

Tata Trusts, which controls 66 per cent in the group’s holding company, Tata Sons, is chaired by Ratan Tata, while was appointed chairman in January 2017.

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First Published: Thu, September 27 2018. 05:31 IST

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