RBI Said to Reject Tata Sons Request to Avoid a Public Listing
India’s central bank has rejected an application from Tata Sons Pvt. to surrender its status as a shadow lender, according to people familiar with the matter, implying it expects the company to adhere with rules for such entities that include an initial public offering.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
