Tata Trusts moves to merge units with Tata Sons to fend off listing by RBI
RBI is in focus.
· LiveMint Companies, Business Today Mkts
Move is meant to remove the Group’s Core Investment Company status, which the main shareholder believes will help it avoid the Reserve Bank of India’s order to list on a stock exchange.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.