Tata Stocks Gain On Report Of Leadership Revamp

Shares of all Tata Group companies rose after Bloomberg reported that Tata Sons Ltd., the parent of India’s largest conglomerate, is said to consider a revamp of its leadership structure by creating a chief executive officer’s role.

A spokesperson for Tata Sons declined to comment on Bloomberg’s queries. Emails to Tata Trusts and Ratan Tata were not answered, according to the report.