India, Sept. 17 -- The board of India's Tata Sons has reportedly approved a fresh five-year term for N Chandrasekaran as executive chairman, reversing his decision last month not to seek reappointment.

The reasons for the change were not immediately clear, Reuters reported, citing a source familiar with the matter on Thursday. HT could not independently verify the report.

An official statement from the company is awaited.

Tata Sons met on Thursday, for the first time after Chandrasekaran decided not to seek a new term, with what an earlier Mint report described as a clear split on the table- Noel Tata, representing majority shareholder Tata Trusts, against chairman Chandrasekaran and the board-over averting a public listing and reasses...