Tata Sons May Resist RBI's IPO Push, Says IiAS's Dalal
Tata Sons is expected to resist the Reserve Bank of India’s mandate for the holding company to list on public markets. Hetal Dalal of proxy advisory firm IiAS indicates that the group may challenge the requirement to preserve its operational flexibility, which could be limited by an initial public offering. This potential pushback highlights a regulatory conflict regarding the central bank's listing rules for large non-banking financial entities.
Hetal Dalal, COO and President of IiAS, a corporate governance and proxy advisory firm, says Tata Sons is expected to "put up a fight" against the RBI's efforts to require a listing. She argues that an IPO could constrain the group's operating flexibility. (Source: Bloomberg)
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