Tata Trusts Pick Successor

MumbaiA charity’s trustees will pick India’s biggest conglomerate’s chief.

Tata Trusts own 66% of Tata Sons, so unelected trustees choose who runs it, not shareholders.

N. Chandrasekaran will not seek another term after 2027, as a central bank rule pushes Tata Sons toward listing.

Shareholders meet August 18 to weigh succession and whether the trusts’ control gets diluted.

Sources: Reuters, News18, Economic Times