New Delhi: Tata Group stocks fell on Wednesday, with TCS dropping nearly 6 per cent, after Tata Sons Chairman N Chandrasekaran said he will not seek reappointment when his current term ends on February 20, 2027.
Shares of Tata Consultancy Services tanked 5.70 per cent, Tata Motors Passenger Vehicles tumbled 4.11 per cent, Tata Consumer Products fell by 2.85 per cent, Tata Elxsi dipped 2.14 per cent, Tata Communications edged lower by 2 per cent, Tata Steel slipped 1.96 per cent, and Titan skidded 1.66 per cent on the BSE.
Also, Tata Power declined 1.40 per cent, Indian Hotels Company went lower by 1.32 per cent, and Trent skidded 0.89 per cent on the BSE.
It was followed by Tata Consumer Products, which was down 1.6 percent, while Titan Company shed 1.3 percent.
Tata Steel and Indian Hotels Company dropped 1.13 percent and 1.04 percent, respectively.
Tata Technologies, Tata Investment Corporation and Tata Motors Passenger Vehicles fell up to 1 percent.
Tata Sons in February postponed a decision on reappointing Chandrasekaran as chairman after Noel Tata, chairman of the group’s charity arm Tata Trusts, opposed the move, Reuters has previously reported.
Chandrasekaran joined the Tata group in 1987, became TCS’ CEO in 2009 before taking over as Tata Sons chair in 2017.
According to reports, Chandrasekaran had earlier discussed with close ass…
