Key facts
- Noel Tata is seeking to maintain family control over the Tata group.
- The Tata group's holding company board voted to reappoint its chairman.
- The chairman had previously indicated a decision to stand down.
- The board's decision overrides the chairman's intention to step down.
- The board indicated it would comply with requirements for a public listing.
Noel Tata, who took control of the Tata group less than two years ago, is engaged in a boardroom battle over the direction of the Indian conglomerate. A dramatic vote on Thursday saw the majority of the six directors on the group's holding company board resolve to reappoint the chairman after his current tenure concludes next year. This decision overrides the chairman's indication last month that he would step down. The board also signaled its willingness to comply with requirements for a potential initial public offering (IPO), a move that has been a point of contention.