New Delhi, Sept. 18 -- Shares of Tata Group companies witnessed mixed moves on Friday, 18 September after the Tata Sons board approved a fresh five-year term for N Chandrasekaran as executive chairman and initiated the process for listing the group holding company.

Tata Chemicals shares fell more than 8%, while Tata Consultancy Services (TCS) declined around 4%. Tata Motors slipped 1.4%, and Tata Motors Passenger Vehicles dropped more than 3%. In contrast, Tata Capital shares gained around 2%.

The Tata Sons board approved Chandrasekaran's reappointment for another five years on Thursday, despite his announcement last month that he would not seek another term after his current tenure ends in February 2027.

The development comes as Tata ...