Tata Sons listing in limbo: Chandrasekaran non-committal as ₹20,000 cr debt repaid, RBI waiver sought
At the May 26 board meet, Tata Sons chairman N Chandrasekaran declined to take a clear stance on listing the holding company despite Noel Tata pressing for his view. Tata Sons has repaid ₹20,000 crore in debt and is pursuing an RBI exemption from the mandatory IPO requirement for upper-layer NBFCs.
Tata Sons chairman Chandrasekaran stayed non-committal on listing the holding company at the May 26 board meet. Noel Tata sought his views; Tata Sons has repaid ₹20,000 crore debt and is seeking RBI exemption from mandatory IPO.