RBI Rejects Tata Sons Public Listing Exemption
India central bank has reportedly rejected Tata Sons application to deregister as a non-bank lender. The decision leaves the holding company closer to a stock market listing.
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India's central bank rejected an application from Tata Sons to deregister as a non-bank lender, bringing the holding company closer to a public market listing. The decision pressures the century-old conglomerate, which controls businesses including Tata Steel Ltd and Tata Motors Ltd /NEW alongside Air India. Tata Sons held standalone assets totaling 1.75 trillion rupees ($18.3B) as of March 2025, exceeding the 1 trillion rupee threshold that mandates registration and potential public listing under central bank regulations.
