Tata group stocks fall up to 4% as N Chandrasekaran steps down as chairman

AI Summary

N Chandrasekaran has stepped down as chairman of the Tata Group after nearly 10 years, during which he expanded the conglomerate’s footprint across airlines, semiconductors, electronics, batteries, and digital sectors. This resignation caused a significant fall in Tata Group stocks by up to 4%.

Chandrasekaran's resignation marks an unexpected end to a tenure of nearly 10 years during which he reshaped India's largest business group, expanding its presence across sectors including airlines, semiconductors, electronics, batteries and digital businesses.