Tata Sons’ bid to relinquish its core investment company registration has been turned down by the Reserve Bank of India, pushing the Tata Group’s holding firm nearer to a public stock offering. Tata Trusts, the majority owner, aims to preserve the company’s private nature for sustained stewardship. In contrast, the Shapoorji Pallonji Group is advocating for a public float.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.