Tata Sons Board Backs N Chandrasekaran As Chairman, Noel Tata Disagrees

Just over a month after he stated that he will step down as chairman of Tata Sons, the board has backed N Chandrasekaran at the helm for another term of five years, the company said on Thursday. The decision, however, has been contested by the Tata Trusts chairman Noel Tata. Tata Trusts controls 66% stake in the group.

The company's board met on Thursday for the first time since Chandrasekaran made his decision to quit public and said that he agreed to the "Board's request to re-consider his decision".