Tata Trusts backs Chandrasekaran for third term as Tata Sons chief

The development comes at a time when the trustees of Tata Trusts are vertically split over board appointment and governance issues

- OUR CORRESPONDENT

Tata Trusts has recommended a third term for N Chandrasekaran as the Chairman of Tata Sons, the principal investment holding company and promoter of Tata group companies, according to sources.

The development comes at a time when the trustees of Tata Trusts — the umbrella of philanthropic trusts that control 66 per cent of the equity share capital of Tata Sons — are vertically split over board appointment and governance issues.

It wasn't immediately known when the recommendation was made and what action Tata Sons took on it.