Tata being ‘criminally destroyed’, alleges Rahul Gandhi amid group’s boardroom battle
· Scroll
Congress leader Rahul Gandhi on Wednesday alleged that the Union government was “criminally destroying” the Tata Group, the largest Indian conglomerate.
Visit catcross.biz for more information.
Gandhi said that no business leader had “dared to say a word” and asked how long they would “stay silent”.
Indian business is not Prime Minister Narendra Modi and Union Home Minister Amit Shah’s “plaything”, the Opposition leader said on social media.
He added that business leaders were “lacking courage” and that the Congress “will ensure justice for these crimes”.
It was not immediately clear what Gandhi was referring to. But the comments came amid a dispute within the leadership of Tata Sons, which is the holding entity of the conglomerate’s companies.
The corporate dispute mainly revolves around the reappointment of N Chandrasekaran as the executive chairman of Tata Sons and the proposed listing of the holding company on the stock market.
Tata Trusts, a group of philanthropic entities headed by Noel Tata since October 2024, holds a 66% stake in Tata Sons.
The Tata Sons dispute
Noel Tata has challenged the validity of a resolution passed by the Tata Sons board on September 17 that reappointed Chandrasekaran as the holding company’s chairperson for five more years, alleging procedural irregularities. This came a month after Chandrasekaran said he would retire in February 2027.
In a letter written to the company secretary and the group’s...