Tata Trusts asks Tata Sons to explore options other than listing, says ‘Tata Model has to be saved’
Indian markets convened in a governance development with September 17 in focus.
· Business Today Mkts
At a Tata Sons board meeting on September 17, Tata Trusts Chairman Noel N. Tata reiterated that the Trusts have not agreed to the listing of Tata Sons.
Key facts
- Dates in focus
- September 17
The analysis
Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.