Tata Sons board meeting: What happened inside the Tata Sons boardroom that brought Chandrasekaran | Full statement here
Indian markets moved lower in a governance development.
· LiveMint Companies
Tata Sons reappointed N. Chandrasekaran as Executive Chairman for another five years after he initially declined.
The analysis
Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.
Market context
- The immediate tone of coverage reads negative.