Tata Trusts has approved another five-year extension for N Chandrasekaran as the Chairman of Tata Sons. This comes amid the considerations to maintain private status for Tata Sons, avoiding the RBI's September 30 deadline to list itself. Tata Trusts has also reportedly urged Chandrasekaran to initiate a negotiation with minority stakeholder Shapoorji Pallonji Group to provide them with an exit.