'Casting vote can be invoked': Tata Sons defends Chandrasekaran’s reappointment
Indian markets convened in a governance development with 17 September in focus.
· LiveMint Companies
Tata Sons said it had sought legal advice from Sudipto Sarkar before the board meeting on 17 September, and later received separate legal opinions from former Chief Justice of India U.U. Lalit and former Supreme Court judge B.N. Srikrishna.
Key facts
- Dates in focus
- 17 September
The analysis
Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.