Big twist in Tata Power tussle: Noel Tata’s big move
Noel Tata has made a major move in the Tata Power tussle, with two firms proposed to be merged with Tata Sons. Watch this report for more details.
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Noel Tata-led Tata Trusts proposes a restructuring of Tata Sons by merging two unlisted units in a bid to stave off a listing for the holding company of the sprawling Indian conglomerate
Noel Tata-led Tata Trusts reiterated that the reappointment of Chairman N. Chandrasekaran to Tata Sons is void, in its second dissent after the board asked the leader to continue for five more years
Noel Tata is finding himself increasingly boxed in after the conglomerate’s holding company decided to plan a stock listing and extend the chairman’s tenure
Noel Tata’s opposition to taking his family empire’s parent firm public is creating discord atop one of India’s most storied conglomerates, according to sources
Tata Sons rejected founding-family patriarch Noel Tata’s objections to Natarajan Chandrasekaran’s reappointment as chairman, sources say, signaling that the boardroom battle at one of India’s largest conglomerates could be headed to court
An intense boardroom dispute is brewing for control of Tata Group, the Indian multinational conglomerate that owns Jaguar Land Rover and Air India, and is a key supplier for Apple.
On Thursday, Noel Tata, the heir of the Tata family and the chair of Tata Trusts, said that the reappointment of N. Chandrasekaran as the chairman of Tata Sons earlier in the day was “illegal.”
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