Tata Group companies see market value drop amid boardroom issues
What happened
- Tata Group companies lost ₹46,600 crore in market value on Friday.
- The board of Tata Sons decided to extend Chairman Natarajan Chandrasekaran's tenure and approved a potential public listing.
- Tata Trusts has called the board's decision to extend the tenure 'illegal' and stated they did not agree to the listing.
Key terms explained
Financial terms from this story, in everyday words.
- Market capitalisation
- The total value of a company's shares as traded on the stock market.
Original source
Livemint
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