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Tata's charitable trusts and company chair clash over control and a possible stock listing
Reuters Breakingviews says the trusts own 66% of Tata Sons and want to avoid a potential stock-market listing.
TLDR
The Straits Times describes a power struggle at Tata Group, a 158-year-old conglomerate with more than one million employees worldwide. Reuters Breakingviews says its charitable trusts own 66% of Tata Sons and oppose a listing, while chair N. Chandrasekaran and his allies favor complying with a central-bank determination that could require one. In a commentary, Breakingviews argues the owners should decide who leads the company.
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