Tata Group stocks such as TCS and Tata Chemicals dropped up to 8% on Friday after Tata Trusts labelled Chandrasekaran's appointment illegal. This follows Tata Sons granting Chairman N Chandrasekaran a fresh five-year term and initiating the process for the group’s much-awaited holding company IPO.
In today's session, Tata Chemicals declined 8% to its day's low of Rs 719, while Tata Investment Corp declined 5% to Rs 683 per share on the BSE. India's largest IT services provider, TCS, slipped 3.5% to Rs 2,118 apiece. Tata Motors, Tata Elxsi, and Tata Tech slipped up to 3% on Friday.
