Tata Sons board scrutinises loss-making new-age bets; Chandra's third term, RBI listing pushed to June 12
Tata Sons board reviewed profitability of Air India, Tata Digital and Tata Electronics after Noel Tata flagged concerns. Decisions on Chandrasekaran's third 5-year term from Feb 2027 and RBI-mandated listing deferred to June 12, with Tata Trusts (66%) and Shapoorji Pallonji split on going public.
What happened
Tata Sons board reviewed loss-making new-age units (Air India, Tata Digital, Tata Electronics) after Noel Tata's profitability questions. Chandra's third term
Key facts
- 66 per cent Tata Trusts stake
- third 5-year term from Feb 2027
- next meet June 12
- Trusts meet June 8
Why this matters
A potential Tata Sons IPO would unlock the largest Indian conglomerate holdco listing in decades, but the Trusts-SP split means timing and structure remain live variables for partners and counterparties.