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Chandra needs majority support from Tata Trusts' nominees: Ex-CJI
Times of India 2 hrs ago·18 Sept 2026, 12:32 am
Former Chief Justice of India R.C. Lahoti has stated that Chandra (Cromwell) needs the backing of Tata Trusts' nominees to secure a majority on the board. This condition is crucial because Tata Trusts currently holds a significant stake in the company. The legal expert emphasized that without this support, Chandra's efforts to gain control over the board may face significant hurdles.
This development is a major point of focus for investors, as the Tata Trusts' involvement has historically been a stabilizing factor for the company. The outcome of this boardroom battle will likely determine the company's future strategic direction and governance structure. It remains to be seen whether Chandra can secure the necessary support from the Tata nominees to proceed with his plans.
Investors should closely monitor the upcoming board meetings and any official statements from the Tata Trusts regarding their nominees' stance. The resolution of this corporate governance issue is key to understanding the company's future trajectory and stability.
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