Overview

• Veteran directors Ralf Speth, Ajay Piramal and Leo Puri will vacate board seats in line with Tata Sons’ age restrictions.
• Tata Steel chief TV Narendran is a frontrunner to fill one of the upcoming board openings.
• The holding company will allocate Rs30,000 crore to expand Tata Digital, Tata Electronics, Air India, defence and battery operations.
• The defence sector has been singled out as a primary strategic focus within the new investment plan.
• This Rs30,000 crore injection adds to over $120 billion that Tata Sons has earmarked for new ventures in recent years.