Tata Trusts challenges Chandra's reappointment

Tata Trusts said the Tata Sons board's September 17 decision to give N. Chandrasekaran a new five-year term is invalid: the charter requires support from a majority of the two trust-nominated directors, and Noel Tata voted against. The board approved the reappointment 4-1.

• Tata Sons board on September 17 extended Chandrasekaran's term for 5 years by 4-1 vote
• Tata Trusts own about 66% of Tata Sons shares
• Trusts insist charter requires consent of both their nominees, not board majority
• Dispute occurs amid plans for possible Tata Sons listing, which trusts oppose