RBI signals NBFC list update; Tata Sons IPO fate hinges on de-registration call
RBI Governor Sanjay Malhotra hinted at an imminent revision to the upper-layer NBFC list, a move that could decide whether Tata Sons must list. The $180 billion conglomerate's de-registration plea is pending, while SP Group lobbies for an IPO amid a liquidity crunch and Tata Trusts remain divided.
RBI Governor Sanjay Malhotra signaled an imminent update to the upper-layer NBFC list, affecting Tata Sons' pending de-registration application and potential IPO. The listing debate splits Tata Trusts, with SP Group lobbying for it amid liquidity crunch.