Economic TimesLean R·
Tata Group stocks fall 8% as Tata Trusts calls Chandrasekaran’s extension illegal
Tata Group stocks such as TCS and Tata Chemicals dropped up to 8% on Friday after Tata Trusts labelled Chandrasekaran's appointment illegal. This follows Tata Sons granting Chairman N Chandrasekaran a fresh five-year term and initiating the process for the group’s much-awaited holding company IPO.In today's session, Tata Chemicals declined 8% to its day's low of Rs 719, while Tata Investment Corp declined 5% to Rs 683 per share on the BSE. India's largest IT services provider, TCS, slipped 3.5%…
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