Tata Group stocks fall: Tata Chemicals, Tata Motors PV, TCS, among others tumble up to 8%; here is what happened

Tata Group stocks such as TCS, Tata Motors PV and Tata Chemicals declined on Friday, September 18, following developments at Tata Sons after its board meeting on Thursday. In a key development, the Tata Sons board voted to reappoint N Chandrasekaran as executive chairman for another five-year term, which was opposed by Tata Trusts. Shares of Tata Group companies such as TCS, Tata Motors Passenger Vehicles and Tata Chemicals declined on Friday, September 18, following developments at Tata Sons after its board meeting on Thursday.

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In a key development, the Tata Sons board voted to reappoint N Chandrasekaran as executive chairman for another five-year term, with Tata Trusts Chairman, Noel Tata, voting against the resolution. The board approved the reappointment by a 4-1 vote, with Chandrasekaran abstaining.