Economic TimesLean R·
Tata Sons faces continued listing uncertainty after RBI classification
The Reserve Bank of India has placed Tata Sons under intensified regulatory oversight. This designation will not influence its ongoing bid to relinquish its NBFC license. Tata Sons had cleared its debts and sought deregistration approximately two years ago. The regulator is expected not to mandate a listing until the application is resolved, which, in turn, affects the philanthropic ventures and investments of Tata Trusts.
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