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Tata Sons Pvt. Ltd., the principal investment holding company and promoter of Tata Group companies, was established in December 1917 as a trading firm to manage the profits of its operating businesses. Headquartered at Bombay House in South Mumbai, Tata Sons earns its income from dividends paid by its operating companies. It is governed by…
The head office of the Tata group in Mumbai, India | Photo Credit: Reuters Following the Reserve Bank’s directive for Tata Sons Private Ltd to pursue a listing, proxy advisory firm InGovern said the move would give the company significantly greater flexibility in raising and deploying capital. In a report, InGovern said a listing would…
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As per a 2022 circular, Tata Sons, among other large NBFCs, was asked to get listed by September last year based on RBI’s scale-based regulation. File | Photo Credit: Reuters The Reserve Bank of India (RBI) has rejected Tata Sons’ application to surrender its Non-Banking Finance Company (NBFC) licence, saying the application ‘cannot be acceded to’….