Economy
Tata Sons Regulatory Talks Raise Concerns Over Tata Trusts Consultation
The Indian Express1h
THE BRIEF
1
Tata Sons' extended engagement with the RBI has sparked internal concern over whether majority shareholder Tata Trusts were adequately informed.
2
The RBI rejected Tata Sons' application to surrender its CIC registration on September 12, forcing the holding company to pursue a stock market listing.
3
The Tata Sons board decided to proceed with the listing on September 17, while Tata Trusts chairman Noel Tata opposed executive chairman N Chandrasekaran's reappointment.