Noel Tata challenges Chandrasekaran's reappointment as Tata Sons chairman, seeks board meeting video
A governance development with market-wide reach.
· LiveMint Companies, Economic Times Markets, ET Stocks
Tata Trusts chairman Noel Tata has challenged N Chandrasekaran's reappointment as Tata Sons chairman, calling the resolution void over procedural concerns. Noel has also sought an unedited board meeting video.
The analysis
Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.