Tata Sons board defers decision on Chandrasekaran’s third term

Mumbai: The board of Tata Sons on Tuesday deferred a decision on the re-appointment of Natarajan Chandrasekaran for a third term as Chairman, according to sources, signalling potential differences within the holding company of the coffee-to-cars-and-software conglomerate. The board at its meeting here did not take any call on extending Chandrasekaran’s term beyond the current one ending in February 2027, they added. While no official statement was issued immediately following the meeting, sources said Noel Tata, Chairman of Tata Trusts, which owns 66 per cent in Tata Sons, raised concerns about losses in certain group companies. Sources said Noel Tata was also not in favour of the listing of Tata Sons and wanted a written commitment.