Economy

Tata Sons Share Math Poses Hurdle for Chandrasekaran's Third Term

Hindustan Times52m
THE BRIEF
1

The Sir Dorabji Tata Trust bloc and Noel Tata hold a decisive 53.6% majority of Tata Sons' active voting pool, opposing N Chandrasekaran's reappointment as chairman.

2

A recent order by the Maharashtra charity commissioner prohibits Sir Ratan Trust from undertaking business, leaving only 72.61% of total shares eligible to vote.

3

Noel Tata and the Sir Dorabji Tata Trust alliance control 38.91% of votes, creating a deadlock that prevents the annual general meeting from proceeding without a joint representative.