Tata Trusts Chairman Noel Tata has urged the Tata Sons board to review a restructuring proposal that could help avoid listing the holding company. He also questioned the RBI’s classification of Tata Sons as an upper-layer NBFC and raised concerns over philanthropic priorities
The Reserve Bank of India has rejected Tata Sons’ application to surrender its core investment company registration, effectively forcing the Tata Group’s holding company to comply with mandatory listing requirements.
