India's Tata Group stocks tumble after report Tata Sons chairman has quit
12/08/2026 06:49
India's Tata Group stocks tumble after report Tata Sons chairman has quit Aug 12 (Reuters) - Tata Group stocks fell up to 4% on Wednesday after Reuters reported that Tata Sons Chairman N. Chandrasekaran had resigned, sparking a selloff across the conglomerate's listed companies.
India's top IT services exporter, Tata Consultancy Services TCS.NS, led the losses, sliding 4.1%, while Jaguar Land Rover-parent Tata Motors PV TAMO.NS fell 2.8%.
Chandrasekaran has resigned as chairman of Tata Sons but will serve out his current term, Reuters reported on Wednesday, citing a source with direct knowledge of the matter.
(Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
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