Tata Sons IPO soon? Listing approved by Board as Chairman N Chandrasekaran to stay on for 5 more years: Report

Tata Sons board approved pursuing an IPO, complying with the RBI's directive after the central bank rejected an exemption plea. Chairman N Chandrasekaran has been asked to continue for five more years to steer the transition, despite his earlier plans to step down in February 2027. Tata Group stocks surged on the news, with Tata Chemicals jumping around 13% and Tata Motors Passenger Vehicles gaining 4.7%, while minority shareholder Shapoorji Pallonji Group, which holds an 18.4% stake, has long advocated for the listing to unlock value.