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Tata Sons Board likely to meet on September 17 after RBI rejects CIC surrender

Tata Sons had sought de-registration in March 2024 after becoming debt free to avoid the listing requirement that applies to upper layer non banking financial companies. However, the regulator's latest decision means the holding company faces the mandatory listing

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Representational Image. File pic.

Representational Image. File pic.

Tata Sons, the holding company of the USD 180-billion revenue Tata conglomerate, is likely to hold a board meeting on September 17 to discuss various issues including potential listing, after the Reserve Bank of India (RBI) rejected its application to surrender its core investment company (CIC) registration, according to news agency IANS.

The Board meeting comes at a time when incumbent Tata Sons Chairman N Chandrasekaran has resigned ruling himself out for another term upon the end of his current tenure on February 20, 2027.

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