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The Economic Times
The Economic Times

Chandrasekaran's succession, RBI ruling on IPO listing to likely dominate Tata Sons’ Sept 17 meeting

Tata Sons Chandra RBI N Chandrasekaran IPO SRTT Tata Trusts Trusts Noel Tata NBFC

The Tata Sons board is set to meet in Mumbai on September 17, with three key issues likely to dominate the discussions — the impact of the Reserve Bank of India's decision on the holding company's regulatory status, the succession of chairman N Chandrasekaran and a continuing governance impasse at one of the two principal Tata Trusts, according to PTI.

The RBI last week rejected Tata Sons' application to surrender its registration as a non-banking financial company (NBFC). The holding company had applied in March 2024 after strengthening its balance sheet, including by repaying more than Rs 21,000 crore of debt, in an effort to exit the regulatory framework that would otherwise require it to list on stock exchanges.

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