Tata Group IPO | Tata Group will launch the country's biggest IPO, RBI gave a big update on Tata Group Company
Tata Group IPO Banking regulator RBI said it is examining Tata Sons' application for registration as an NBFC. Tata Sons is the holding company of Tata Group, the country's largest industrial house. This is the first time the central bank has confirmed this development. Tata Group wants to save its holding company from listing. RBI revealed this while releasing the list of NBFCs. Tata Sons was classified as NBFC-upper tier and there was no change in the new list. “The inclusion of Tata Sons in the list of NBFC-UL is without prejudice to the outcome of the application for cancellation of registration,” the RBI statement said. The company's application is being considered. However, RBI also clarified that once an NBFC is classified as NBFC-UL, even if it is delisted in subsequent years, it will be subject to enhanced regulatory requirements for at least five years. Will have to follow.
Tata Sons IPO
Tata Sons is reducing its debt to avoid exiting the NBFC-core investment company classification and joining the list of top-tier NBFCs. As per RBI rules, if Tata Sons remains a top tier NBFC, it will have to be listed by September 2025. According to the report, considering the value of its holding, Tata Sons will have to sell at least Rs 50,000 crore worth of equity to dilute its 5% stake, which would be the country's biggest IPO. In 2024, Tata Sons significantly reduced its debt by selling TCS shares. Piramal Enterprises was not included despite meeting the classification criteria as NBFC-UL as per the scoring methodology. This is because the business community is in the process of restructuring. Piramal Enterprises has announced plans to merge with its subsidiaries Piramal Capital and Housing Finance. The company has been included in the upper layer list.
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