New Delhi : Central bank RBI has given a big statement regarding Tata Sons. Giving this information, the bank has said that the investigation of the petition filed by the group to cancel the NBFC application is currently going on. Tata Sons holds a majority stake in the Tata Group.
Let us tell you whether Tata Sons' IPO is going to hit the market only after the RBI investigation comes to light. However, Tata Sons does not at all want its IPO to hit the market. But if Tata Sons continues to be an NBFC, it will have to launch its IPO by September 2025.
Don't want group listing
While releasing the list of NBFCs, RBI has informed that it does not want the listing of Tata Sons Group. Tata Sons was classified as upper layer NBFC. If it is classified as NBFC-upper layer, then the company will have to follow the regulatory standards for at least 5 years. Tata Sons may exit from it later but it will have to do so for 5 years. To avoid this rule, Tata Sons has approached RBI to remove it from the list of NBFCs.
Tata Sons is reducing debt
Apart from Tata Sons, 15 more companies are currently included in the list of core investment companies under NBFC-Upper Layer. If Tata Sons remains in this list, then it is necessary to launch its IPO. Tata Sons does not have to launch an IPO, hence it is paying off its debt to avoid this process. Year 2024 Tata Sons has reduced its debt by selling TCS shares. According to the report, if Tata Sons remains in the NBFC-upper layer, it will be required to launch its IPO by September 2025. Considering the holding and value of the company, equity worth at least Rs 50,000 crore may have to be sold. If this happens, it could be the biggest IPO ever.
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