New Delhi, Oct. 13 -- Tata Sons board has approved a third term for Chairman N Chandrasekaran - a first despite the Group's retirement policy which requires executives to step down at 65, according to an Economic Times report citing sources.

Livemint could not independently confirm the development.

As per the report, Chandrasekaran's second term ends in February 2027. At the time he will be 65 years of age.

The Tata Group's retirement policy, traditionally executives are expected to retire at 65, but they are allowed to hold non-executive roles till 70.

(This is a developing story, more updates coming.)

Published by HT Digital Content Services with permission from MINT....