RBI reportedly directs Tata Sons toward public listing
Moneycontrol reports that SP Group chairman Shapoorji Pallonji Mistry welcomed the decision, calling a Tata Sons public listing a “social and moral imperative.”
TLDR
Moneycontrol, quoting SP Group chairman Shapoorji Pallonji Mistry, says the RBI rejected Tata Sons’ application to surrender its registration as an upper-layer nonbanking financial company and directed it toward compliance and public listing. Mistry framed a listing as a step toward transparency, accountability and preserving the Tata philanthropic legacy. CNBC-TV18 reports that he urged stakeholders not to let listing become a point of division and said he looked forward to working constructively with Tata Sons.
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2 Sources, first seen 11d ago