Reuters
PODCAST: Tata boardroom mess is likely to fester
xCruzo Brief
A power struggle inside Tata Sons is intensifying after a board dispute over a Reserve Bank of India mandate to list the holding company. Reuters’ Viewsroom podcast says the fight centers on Chandra, Tata Sons’ chairman since 2017, and Noel Tata, who leads Tata Trusts, the charities that own roughly two-thirds of Tata Sons. The crisis came to a head last week when directors approved a five-year extension for Chandra. Noel Tata argued the move was illegal. The podcast frames the clash as a test of influence between the board and the biggest shareholder, with implications for a $260 billion empire spanning IT to chipmaking.
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