Tata Sons’ board has approved steps to begin an IPO process and backed a five-year extension for chairman N Chandrasekaran. The decisions address leadership continuity, the Shapoorji Pallonji Group’s 18.37% stake and Tata’s growing funding needs across businesses like Air India, Tata Digital and Tata Electronics. The developments could reshape how Tata Sons raises capital and how its ownership structure evolves.
