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The Economic Times
The Economic Times
Veer Sharma

Tata Investment, Tata Chemicals rally up to 7% after RBI classifies Tata Sons as upper-layer NBFC

Tata Sons NBFC RBI Tata Chemicals Dorabji Tata Noel Tata Tata Investment Corp SP Group Tata Trusts the Economic Times

Shares of Tata Investment Corp and Tata Chemicals climbed as much as 7% on Friday after the Reserve Bank of India classified Tata Sons among the 16 upper-layer non-banking financial companies (NBFCs), making it mandatory for the Tata Group's holding company to list on domestic stock exchanges under the existing regulatory framework.

However, the RBI said it is examining Tata Sons' application to surrender its core investment company (CIC) registration, even as pressure mounts on the holding company to list its shares.

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