Tata Group: Stock listing of India's largest conglomerate draws closer
India's central bank wants to force the parent company of the Tata Group onto the stock exchange. The board is giving up its resistance, but behind the scenes a power struggle over the leadership is raging.
Tata Sons, the holding company of India's largest conglomerate Tata Group, has decided to consider an initial public offering (IPO) following pressure from Indian authorities. The company's board voted to take steps towards a potential listing, reversing its long-standing opposition to going public. The move comes after the Reserve Bank of India (RBI) ruled that Tata Sons is a systemically important financial company and must list its shares.
The decision was welcomed by the Indian stock market, with shares of several Tata Group companies rising, although some gains were later pared back.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
