Tata Sons continues as 'upper-layer NBFC'; listing application pending
· rediff.com
Tata Sons, the holding company of the Tata group, continues to be classified as an 'upper-layer non-banking financial company' (NBFC) by the Reserve Bank of India (RBI), despite its application to deregister as an NBFC-Core Investment Company (CIC) remaining under consideration. This classification subjects it to enhanced regulation and a mandatory listing requirement, which remains uncertain.
Despite its application to deregister as an NBFC-Core Investment Company (CIC) remaining under consideration, Tata Sons, the holding company of the Tata group, ...