'RBI letter does not mention listing': Noel Tata seeks full briefing on Tata Sons-RBI talks
RBI convened in a governance development.
· Business Today Mkts
Noel Tata made the remarks at the Tata Sons board meeting on Thursday, where the board also reappointed N Chandrasekaran for another five-year term.
The analysis
Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.