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As Tata Sons chairman N Chandrasekaran completes a month on Tuesday at the corner office in Bombay House, he is taking all the legacy issues head on. He has buried the hatchet with NTT Docomo over the buyback of latter’s shares, signed an agreement with Volkswagen to develop new products with Tata Motors while closed the pension liabilities of employees of Tata Steel Europe effective from this month-end.
Former Chairman Cyrus Mistry had warned that the Tata group was staring at $18-billion of potential write-downs and blamed it on the wrong acquisitions made by his predecessor and group patriarch, Ratan Tata.
Mistry
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