Will do everything we need to do: N Chandrasekaran takes over as Tata Sons chair; investors cheer

N Chandrasekaran or Chandra as he is fondly known as, took over as the chairman of Tata Sons on Tuesday. Chandra replaced ex-Chairman Cyrus Mistry, who was unceremoniously driven out on October 24, 2016, and Ratan Tata who took over as the interim chair.

Chandra, before entering the Bombay House on Tuesday said he "will do everything we need to do, to delight (the) people who are proud of the group."

Will do everything we need to do,to delight people who are proud of the group: N.Chandrasekaran(he will take over as chairman of Tata Sons ) pic.twitter.com/SlJgFTTJTF

— ANI (@ANI_news) February 21, 2017

Mumbai: N.Chandrasekaran reaches Bombay House, he will take over as chairman of Tata Sons today. pic.twitter.com/ZW6PXZS3qu

— ANI (@ANI_news) February 21, 2017

Chandra, ex-Tata Consultancy Services CEO and MD has taken the corner office at Bombay House, with investors cheering the move. The stocks the listed Tata Group companies were in the green, rising between 36 bps and 2% from their previous close. 

On Monday, Chandra was also appointed as the non-executive chairman of TCS effective February 21.