business π₯ Tata Group power shift deepens after key exits
The power struggle at the Tata Group has intensified after N Chandrasekaran announced he won't seek reappointment as chairman of Tata Sons. This followed the withdrawal of Ratan Tata's associates like Vijay Singh and Mehli Mistry from key positions. The dispute centers around Tata Trusts, which owns about 66 per cent of Tata Sons. Key disagreements involve board appointments and whether Tata Sons should eventually be publicly listed. The situation adds friction between different trustee camps within the conglomerate.