Manu Joseph: the mystery behind Tata’s boardroom ‘coup’ (opens the source in a new tab)
- On 17 September every Tata Sons director except Noel Tata asked N. Chandrasekaran to stay on, after he had decided to leave when his term ends in February 2027.
- Joseph says Noel Tata, chairman of the Trusts that own 66% of Tata Sons, has been isolated, the Trusts are divided, and there are whispers of political influence.
- On listing, he argues the Trusts wouldn’t lose control if a quarter of Tata Sons floated, yet Noel Tata opposes it; the RBI wants it listed.
- 66%
- Trusts’ stake in Tata Sons
- 17 Sep
- board backs Chandrasekaran
Why it matters Who steers India’s largest business group is now openly contested.
Other side The political angle rests on whispers and perception, not proof; both sides claim principle, and with 66% the Trusts’ grip can’t easily shift.
Source:Mint (free to read) ↗