The stocks of Tata Group has declined over 4 per cent losing Rs 46,000 Crore in terms of market value after the chairman of Tata Sons N Chandrasekaran
said he would not seek reappointment. Share prices of Tata Consultancy Services fell 4.12%, Tata Motors dropped 2.47%, while Tejas Networks declined 2.34%, Tata Consumer Products fell 1.81%, Tata Communications lost 1.63% and Tata Steel declined 1.55%. Further, Tata Teleservices (Maharashtra) fell 1.24%, while Tata Power and Tata Elxsi each declined 1.20%. Indian Hotels Company fell 1.07%, Voltas declined 0.88%, Tata Investments lost 0.69% and Trent fell 0.25%. In a detailed statement N Chandrasekaran has said, "I have completed 40 years of professional life at the Tata Group. I am grateful for the immensely satisfying opportunity to contribute to this venerable institution. Leading Tata Sons over the past decade has been a great honour and a profound responsibility. My current tenure as the Chairman of Tata Sons comes to an end on Feb 20, 2027. Sir Dorabji Tata Trust and Sir Ratan Tata Trust had unanimously resolved and recommended the extension of my next term for a period of five years, which was recorded and recommended by the Tata Sons Nomination and Remuneration Committee and the Board." "Subsequently, the resolution was tabled in the Tata Sons Board on Feb 24, 2026. However, the proposal was not carried through because one of the Board Members did not support it, and in the absence of unanimous support, I chose to defer the decision."
