The board of Tata Sons discussed extending the tenure of chief executive N Chandrasekaran but reached no decision at its latest meeting, sources familiar with the matter said.
Chandrasekaran has led the conglomerate through a period of expansion across technology, retail and manufacturing. Directors deferred a formal vote on renewal to a future session.
Tata Sons holds significant stakes in listed companies including Tata Consultancy Services and Tata Motors. Leadership stability is closely watched by investors across the group.
The board did not publicly explain the delay. A Tata Sons spokesperson declined to comment on internal deliberations.
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Sources:
https://www.business-standard.com/