Story perspectives
Noel Tata Challenges September 17 Reappointment Resolution Validity
By Drooid · · How we work
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Historical Context
- Rahul Gandhi’s rebuke of Tata Sons’ September 17 board resolution revives the clash over corporate control that began with the 1991 liberalisation. Prime Minister P.V. Narasimha Rao and Finance Minister Manmohan Singh lifted the foreign-investment ceiling to 51%, spurring $5.3 billion of inflows by 1995-96. The reforms still shape today’s board disputes involving Noel Tata and legal advisers.
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