Tata Group likely to be involved in protracted legal battle

Mumbai, Sep 18 (UNI) Sharply divergent legal positions taken by Tata Trusts headed by Chairman Noel Tata, who remains opposed to any stock exchange listing of the holding company Tata Sons vis-a-vis the board members of Tata Sons who have backed an initial public offering (IPO), as well as the reappointment of its chairman N Chandrasekharan, have made a protracted legal battle practically inevitable, sources said. Tata Trusts, which collectively own close to 66pc of Tata Sons has called the Tata Sons board resolution of September 17 to give N Chandrasekaran another five-year term after his current tenure ends, as…