Tata Group Chairman N Chandrasekaran to step down in February
- N Chandrasekaran, the chairman of Tata Group, has said that he will not seek reappointment when his term ends in February.
- The 63-year-old said the decision came after the board of Tata Sons could not reach a resolution on a five-year extension of his term, months after the proposal first came up.
- The news sent shares of listed Tata companies plunging and has led to questions over what lies ahead for the gigantic salt-to-steel conglomerate that owns Air India, Tata Steel and Jaguar Land Rover.
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- N Chandrasekaran, the chairman of Tata Group, has said that he will not seek reappointment when his term ends in February.
- The 63-year-old said the decision came after the board of Tata Sons could not reach a resolution on a five-year extension of his term, months after the proposal first came up.
- The news sent shares of listed Tata companies plunging and has led to questions over what lies ahead for the gigantic salt-to-steel conglomerate that owns Air India, Tata Steel and Jaguar Land Rover.
Sources: BBC News