Tata Sons Listing | N Chandrasekaran's extension: Tata Chemicals, Tata Motors to Tata Capital — Tata Group stocks crash

Tata Group stocks fell sharply after the Tata Sons board approved a fresh five-year term for N Chandrasekaran as executive chairman and initiated the process to list the group holding company. Tata Chemicals dropped more than 8 percent, TCS declined around 4 percent, Tata Motors slipped 1.4 percent, and Tata Motors Passenger Vehicles fell more than 3 percent, while Tata Capital gained about 2 percent. The reappointment has triggered a governance dispute, with Tata Trusts arguing the resolution is legally invalid because trustee-nominated director Noel Tata voted against it.