Tata v Tata: What’s behind India’s big boardroom brawl?
- New Delhi, India – An unprecedented power struggle has erupted at the top of one of India’s largest conglomerates, pitting the board of its holding company Tata Sons against its majority shareholder Tata Trusts.
- Last week, Tata Sons extended Chairman N Chandrasekaran’s term and said it would consider publicly listing the holding company, flying in the face of the family charity that controls the 158-year-old Tata Group.
- Extending Chandrasekaran’s chairmanship and taking Tata public is at the heart of the family-linked feud – and its outcome will not be limited merely to the group’s headquarters
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- New Delhi, India – An unprecedented power struggle has erupted at the top of one of India’s largest conglomerates, pitting the board of its holding company Tata Sons against its majority shareholder Tata Trusts.
- Last week, Tata Sons extended Chairman N Chandrasekaran’s term and said it would consider publicly listing the holding company, flying in the face of the family charity that controls the 158-year-old Tata Group.
- Extending Chandrasekaran’s chairmanship and taking Tata public is at the heart of the family-linked feud – and its outcome will not be limited merely to the group’s headquarters
Sources: Al Jazeera