The RBI reportedly rejected Tata Sons’ request for exemption from rules requiring upper-layer NBFCs to list publicly. The decision could intensify pressure on the Tata Group holding company to launch an IPO, despite its efforts to remain private.
The RBI reportedly rejected Tata Sons’ request for exemption from rules requiring upper-layer NBFCs to list publicly. The decision could intensify pressure on the Tata Group holding company to launch an IPO, despite its efforts to remain private.
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India’s central bank is said to have rejected Tata Sons Pvt.’s plea to get a waiver from a regulatory rule that requires it go for a public listing.The entity that sits at the heart of the $185 billion Tata Group empire that spans IT services, steel, hospitality and consumer goods has resisted a stock exchange listing for years as this would subject it to tighter regulatory oversight and force it to reveal more of the group’s internal dealings.But the pressure has been mounting in recent months…
