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RBI puts Tata Sons on Upper Layer list, de-registration plea under review
['George Mathew', 'George Mathew Is An Associate Editor With The Indian Express', 'Based In Mumbai. A Veteran Of Financial Journalism With Nearly Three Decades Of Experience', 'He Is One Of The Country S Most Authoritative Voices On Banking', 'Regulation', 'The Corporate Sector. Expertise', 'Focus Areas Mathew S Reporting Covers The Nerve Center Of India S Economy. His Specialized Beats Include', 'The Reserve Bank Of India', 'Rbi', "He Has Tracked The Central Bank'S Policy Evolution Through The Tenures Of Multiple Governors"]
The Indian Express
This means the central bank is yet to take a final view on the classification of Tata Sons.
If Tata Sons continues on the NBFC-UL list, it will have to come out with an initial public offering (IPO) and list its shares on the stock exchanges.
Tata Trusts divided over Tata Sons listingTrustees of Tata Trusts, which hold 66% stake in Tata Sons, are divided on the issue of listing of Tata Sons.
While Tata Trusts Chairman Noel Tata and some former Tata Sons directors are against listing Tata Sons, two trustees of Tata trusts — Venu Srinivasan and Vijay Singh — have argued for listing of Tata Sons.
Pallonji Mistry group which holds 18.3 per cent stake in Tata Sons is for the listing of Tata Sons.