The Tata Sons board meeting is set to begin shortly, with N Chandrasekaran and company leaders presenting business plans for five group companies including Air India, Tata Digital, EV infrastructure venture Agastya, and Tejas Networks, sources told CNBC-TV18.
The board is also likely to take up issues raised by Noel Tata at the last meeting, adding another layer of significance to what is shaping up as one of the more consequential board sessions for the group in recent years.
The listing question is expected to feature prominently. Tata Sons’ board is reported to be divided on the issue, with Tata veterans including former vice chairman Nusli Soonawala arguing that listing would alter the 100-year ethos and values of the group. The opposing view holds that a public listing would bring greater transparency and unlock value for shareholders.
The five companies on the agenda span the group’s most strategically sensitive and capital-intensive bets. Air India is in the middle of a multi-year turnaround after its acquisition from the government. Tata Digital encompasses the group’s consumer internet ambitions. Agastya represents the group’s push into EV charging infrastructure. Tejas Networks, which reported a net loss of ₹999 crore in FY26, is positioned around AI-led network infrastructure but carries significant balance-sheet stress with net debt of ₹3,531 crore.
Shares of Tejas Networks surged 5.71% to ₹501 on the news in morning trade on May 26.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.