VERIFIEDET Stocks·18 Sept 2026negative

TCS, Tata Chemicals, other Tata stocks tumble up to 8% as Tata Trusts calls Chandrasekaran’s tenure extension illegal

AI Summary

·Tata stocks experienced a significant decline, with some falling up to 8%.
·The drop occurred after Tata Trusts declared the reappointment of Chandrasekaran as illegal.
·Tata Trusts, holding a majority stake, opposes Tata Sons' IPO and has rejected the Reserve Bank of India's request to remain private.