Tata Capital, Tata Power, and more: Tata stocks fall as Tata Trusts-Tata Sons battle intensifies - Check the latest
New Delhi, Sept. 21 -- Tata Group stocks came under pressure in early trade on Monday, 21 September as the dispute between Tata Trusts and Tata Sons over N Chandrasekaran's reappointment as chairman escalated, with the leadership row now moving towards a potential legal battle.
The fresh pressure followed last week's decision by the Tata Sons board to give Chandrasekaran another five-year term and proceed with preparations for the much-awaited listing of the group holding company. Tata Group shares had already witnessed a sell-off on Friday after Tata Trusts termed Chandrasekaran's reappointment illegal.
The Trusts, which hold about 66% of Tata Sons, have argued that the board resolution was a "legal nullity" because it did not receive ...
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