Tata Sons board approves listing and reappoints Chandrasekaran for five years; Tata Trusts call resolution illegal

Tata Sons' board approved going public in a majority vote and reappointed N. Chandrasekaran as chairman for five more years, while largest shareholder Tata Trusts called the tenure extension "illegal". The listing move is aimed at complying with RBI norms, days after the RBI rejected Tata Sons' application to surrender its certificate of registration.

Detected & updated continuously · Source: Nebula