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Mumbai: Tata Trusts initiated the process of selecting a new Chairman for Tata Sons, the holding company of the Tata Group, on Thursday, following Chandrasekaran's decision to step down from the position of Executive Chairman of Tata Sons. "Sir Dorabji Tata Trust (SDTT) respects Chandrasekaran's decision." "We express our deep appreciation for the service and leadership he has provided to the Tata Group, including Tata Sons, over the past decade," Tata Trusts stated.

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