The agenda spelt out by Chandrasekaran seems to be aimed at addressing some of the core issues which led to Cyrus Mistry’s ouster as Tata Sons chairman. Mistry’s ouster and bitter war of words that followed dented the Tata group’s reputation. The fight between Mistry and Tata Sons is now before the courts. With the exception of TCS, where Tata Sons owns 73.26% , the holding company’s stake in most of the other major listed group companies ranges from 14-30%. “One also has to see how the terms of engagement between the different Tata entities—the Trusts, Tata Sons and Tata companies—pan out,” he added.

Source: Mint February 21, 2017 09:58 UTC