Noel Tata Vetoes IPO, Seeks RBI Time Extension

Hindustan Times - Business · business

Tata Trusts chairman Noel Tata has stated he will veto any decision to list Tata Sons, the group's holding company. He proposed seeking at least a three-year window from the Reserve Bank of India (RBI) if a listing becomes unavoidable. Tata expressed concerns that a public listing would fundamentally alter the company's character. This stance challenges recent board discussions about initiating steps to comply with RBI guidelines for a potential listing, with.