Mumbai/IBNS, Aug. 12 -- The share prices of Tata Consultancy Service (TCS) on Wednesday crashed over 4% after N Chandrasekaran's shock resignation as the Tata Sons chairman, media reports said.

The announcement triggered a negative reaction in the stock market, with investors closely watching the leadership transition at the Tata Group's holding company.

Shares of other major Tata Group companies also came under pressure following the announcement.

Tata Power and Tata Steel declined by more than 1% during Wednesday's trading session.

The market reaction comes amid uncertainty over the future leadership of Tata Sons, as Chandrasekaran's current term is set to end in February 2027.

In a statement, Chandrasekaran said he had completed 4...