Tata Sons to go public, board clears 5-year extension for N Chandrasekaran

•Tata Sons' board cleared a 5-year extension for chairman N Chandrasekaran, despite one opposing vote.

•The board also approved a mandatory listing of Tata Sons, despite stiff opposition from Noel Tata.

•Chandrasekaran will be reappointed as executive chairman upon completing his current tenure on February 20, 2027.

•Tata Trusts, the largest shareholder, called the reappointment "illegal" and reiterated its stance on Chandrasekaran's initial decision not to seek a third term.