Tata Sons, the holding company of the Tata Group, may explore options to avoid being categorized as an upper-layer non-banking financial company (NBFC) by the Reserve Bank of India (RBI). Upper-layer NBFCs are subject to stricter regulations and are required to list publicly within three years. Tata Sons is considering reorganization to be excluded from this category. The company's subsidiary, Tata Capital Financial Services, is also included in the list. Tata Sons had previously expressed interest in listing the holding company.
from Times of India https://ift.tt/InhT35M
Friday, September 15, 2023
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