RBI denial leaves Tata Sons facing mandatory listing
The Reserve Bank of India has turned down Tata Sons’ request to surrender its core investment company registration, leaving the group holding company subject to rules that require upper-layer non-banking financial companies to list on stock exchanges. The decision was conveyed in a letter dated September 11 after the central bank considered Tata Sons’ March 28, 2024 application and subsequent…
We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.
