A 4-1 board vote has split Tata Sons from the charity that owns two-thirds of it
<p class="P1" data-start="2864" data-end="3393">Tata Sons reappointed N. Chandrasekaran as chairman on September 17 and agreed to move toward a stock market listing, Reuters reported — two decisions made despite public objection from Tata Trusts. These charitable trusts own 66% of the holding company. The vote does not settle the group's direction so much as expose that authority to set one remains contested. India's largest conglomerate, with US$185 billion of combined revenue last financial year, is now running on a contested reading of its own articles of association.
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