Noel Tata wants Tata Sons to split to avoid listing
Mumbai: Tata Trusts chairman Noel Tata has proposed a possible restructuring of Tata Sons to sidestep Reserve Bank of India (RBI) listing requirements, according to sources familiar with the situation. The suggestion was made during the Tata Sons board meeting on September 17, though its prospects remain uncertain. The Trusts, as the majority shareholder of Tata Sons, have been investigating alternatives to avoid listing, aiming to comply with RBI regulations without going public.
This proposal sparked a significant divide between Noel Tata and other board members, who supported reappointing N Chandrasekaran and pursuing a listing. Tata Sons is classified as an upper-layer non-banking finance company, subject to stricter regulatory requirements, prompting the company to evaluate its options.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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