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Tata Sons Board May Ask Chandrasekaran To Stay
Tata Sons is expected to discuss its leadership soon.
Its board is scheduled to meet in Mumbai on September 17.
A report says the board may ask N Chandrasekaran not to step down.
This means the board could ask him to continue in his role.
The report does not say whether he will change his mind.
The meeting comes after the Reserve Bank of India rejected an application from Tata Sons.
Tata Sons had asked to give up its registration as a Core Investment Company.
The board’s discussion may lead to more talks about the company’s leadership.
The Tata Sons board is scheduled to meet in Mumbai on Thursday, September 17.
Board members may ask N Chandrasekaran to reconsider his decision to step down.
The possibility was reported by ET Now.
The leadership discussions come shortly after the Reserve Bank of India rejected Tata Sons’ application.
Tata Sons sought to surrender its certificate of registration as a Core Investment Company.
- Who
- The Tata Sons board and N Chandrasekaran.
- What
- The board may ask Chandrasekaran to reconsider stepping down.
- Where
- Mumbai.
- When
- Thursday, September 17; no year is specified.
- Why
- The report does not give a definitive reason, but the development follows the Reserve Bank of India’s rejection of Tata Sons’ application to surrender its Core Investment Company registration.
Key facts
- Company
- Tata Sons
- Executive
- N Chandrasekaran
- Meeting location
- Mumbai
- Meeting date
- Thursday, September 17
- Reported development
- The board may ask Chandrasekaran to reconsider stepping down.
- Regulatory decision
- The Reserve Bank of India rejected Tata Sons’ application to surrender its certificate of registration as a Core Investment Company.
Sources
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