Tata Sons Board Takes Up RBI’s IPO Mandate and a Leadership Dilemma

Tata Sons' board met to discuss an initial public offering mandate from India's Reserve Bank and whether to ask outgoing Chairman Natarajan Chandrasekaran to remain in his position. Chandrasekaran's term was set to end, and the board faced a decision on his continuation. The RBI had required Tata Sons to pursue an IPO as a condition related to its ownership of Tata Trusts.

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