business ๐ค Tata Trusts challenges Chandrasekaran's reappointment
Tata Trusts has challenged the September 17 resolution to reappoint N Chandrasekaran as Tata Sons chairman. The challenge was made by Tata Trusts, which holds about 66 per cent of Tata Sons, against the board's decision. The trusts pointed out that the required mandatory support from its two nominee directors was not secured in the vote. This failure meant the resolution was deemed invalid from the start, according to the Trusts. Tata Sons, however, maintains that its board validly approved the reappointment despite the dispute. ๐ง