Tata Sons' bid to relinquish its core investment company registration has been turned down by the Reserve Bank of India, pushing the Tata Group's holding firm nearer to a public stock offering. Tata Trusts, the majority owner, aims to preserve the company's private nature for sustained stewardship.
In contrast, the Shapoorji Pallonji Group is advocating for a public float.
This story was reported by The Times of India. Read the full coverage at The Times of India.
