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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Tata Sons boardroom battle intensifies but Tata Group stocks remain unbothered. Should you buy?

Noel Tata Tata Sons Tata Group N Chandrasekaran Tata Trusts Debaroti Adhikary Sunny Agrawal Uttam Kumar Srimal Axis Direct SBI Securities

Shares of Tata Chemicals, Tata Steel, Tata Motors PV and other Tata Group companies traded with marginal gains and losses on Friday after Tata Sons rejected Tata Trusts Chairman Noel Tata’s objections over the reappointment of N Chandrasekaran as Tata Sons’ chairman.

Tata Sons said its board had approved the reappointment of N Chandrasekaran by a majority, adding that the special procedure under its Articles of Association (AoA) cited by Noel Tata did not apply to an incumbent chairman. In a September 24 letter to Noel Tata, the company said the board had acted in accordance with applicable law and its AoA.

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