With N Chandrasekaran assuming Chairmanship at Tata Sons, the company is considering a new structure to strengthen control over operating companies. The move comes in the aftermath of the bitter battle between Ratan Tata and Cyrus Mistry. When Mistry was asked to resign as Chairman, the holding company found itself in a difficult spot with Independent Directors of some of the group companies, like Tata Chemicals and Indian Hotels, supporting Mistry.
Tata Group's holding in Tata Chemicals is as low as 30.8 percent and at Indian Hotels it is 38.6 percent. Tata Sons will certainly look for better checks and balances to protect its interest and this would require to shore up the group's holding above 50 percent in the long run.
With N Chandrasekaran assuming Chairmanship at Tata Sons, the company is considering a new structure to strengthen control over operating companies. The move comes in the aftermath of the bitter battle between Ratan Tata and Cyrus Mistry. When Mistry was asked to resign as Chairman, the holding company found itself in a difficult spot with Independent Directors of some of the group companies, like Tata Chemicals and Indian Hotels, supporting Mistry. 
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