Tata Investment Corporation shares experienced a sharp decline on Tuesday, dropping over **3%** to trade near **₹667** on the National Stock Exchange. The stock saw significant volatility, fluctuating between an intraday high of **₹685.30** and a low of **₹663.15**. This downward movement follows a period of heightened activity where the market capitalization stood at approximately **₹34,819 crore**. The primary driver for this slump is the reported friction within the Tata Sons board. Executive Chairman N Chandrasekaran requested a postponement of discussions regarding his reappointment for a third term. This request came after disagreements surfaced during a high-stakes board meeting held on Tuesday. Tata Trusts Chairman Noel Tata raised critical concerns regarding the financial performance of the group’s newer ventures. Specifically, he highlighted losses stemming from high-profile acquisitions and digital platforms, including Air India and BigBasket. Noel Tata reportedly outlined four specific conditions for the Chairman’s extension, emphasizing debt reduction and the containment of losses in these "new-age" businesses. While other board members supported Chandrasekaran, attributing the losses to the natural gestation period of greenfield investments, the Chairman opted for deferment. He stated that the institution must move forward with a unified decision between Tata Sons and Tata Trusts. Chandrasekaran’s current term is not set to expire until February **2027**. However, the proposal for a third five-year term would extend his leadership until **2032**. Such an extension would require a special resolution, as it involves a waiver of the group's traditional retirement age of **65** for non-executive roles. Chandrasekaran will turn **63** this June. Investors are closely watching these developments as they signal potential shifts in capital allocation and governance. Despite the recent dip, Tata Investment Corporation has shown resilience over the past year, supported by a **1:10** stock split in late **2025** aimed at boosting retail liquidity. The company recently reported a net profit of **₹75 crore** for the third quarter, a substantial jump from **₹20 crore** in the previous year. However, the current leadership uncertainty at the holding company level continues to weigh on the stock's immediate sentiment. Clearer alignment between the Trusts and the Board will be essential to stabilizing the market outlook.