RBI rejects Tata Sons plea to remain private, directs firm to go for public listing

The Reserve Bank of India (RBI) has finally asked Tata Sons, the holding company of the salt-to-software conglomerate, to proceed with an immediate stock market listing. In a letter dated September 11, the RBI stated that Tata Sons’ request to be excluded from the category of unregistered core investment companies (CICs) had been denied, requiring [...]