Tata Group Chairman Chandrasekaran to Step Down in February

3-line summary

• Tata Group Chairman N. Chandrasekaran said he will not seek reappointment when his term ends in February, after the Tata Sons board failed to reach agreement on a five-year extension, according to a BBC report.
• Shares of listed Tata companies fell on the news, which follows months of boardroom tension between Tata Trusts, the charitable arm that owns 66% of parent Tata Sons, and company management.

This summary is our own processing of the source article; see the source link below for full context.