Chandrasekaran, Noel Tata held secret talk on Sunday; meeting ended without resolution: Report
Indian markets left its position unchanged in a governance development with September 17 in focus.
· Business Today Mkts
The meeting took place before Noel Tata wrote to Tata Sons company secretary Suprakash Mukhopadhyay challenging the decisions made at the September 17 board meeting, including Chandrasekaran’s reappointment.
Key facts
- Dates in focus
- September 17
The analysis
Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.