Tata Sons central bank IPO

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Tata Sons fends off central bank IPO order as deadline looms
Tata Sons fends off central bank IPO order as deadline looms

July 29, 2025

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Professor Sougata Ray was Quoted in a financial times story exploring why Tata Sons is resisting a public listing mandated by the RBI, after being classified as an Upper Layer NBFC. He observed that the Tata family and trusts "have no compulsion or incentive to list Tata Sons," as they do not need to unlock value or raise capital to support growth.