Tata Sons Board Votes To Bring N Chandrasekaran Back As Chairman For 5 Years

Tata Sons Chairman N Chandrasekaran is set to get a five-year extension after the Tata Sons board backed his continuation at the helm. However, Chandrasekaran will need to be reappointed as a director at the company’s Annual General Meeting to continue as chairman. The AGM has faced delays amid a lack of quorum linked to the suspension of SRTT. Meanwhile, Tata Sons’ board has also decided to take all necessary steps to pursue a public listing, in line with Reserve Bank of India requirements. The developments come as Tata Sons navigates governance, ownership and regulatory matters surrounding the group’s holding company. Watch all live updates on Business Today Television.