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Published: February 15, 2024
Updated: February 15, 2024
The Tata group’s financial services companies are raising a massive Rs 28,000 crore as debt in fiscal 2025. The group is getting ready to list its financial services business. Tata Capital will be leading the group’s financial services business and will be making a huge foray in the business with a listing by 2025. The RBI has labelled Tata Capital and Tata Sons ‘Upper Layer’ NBFCs, and as per the rules, a company thus labelled has to be listed within three years.
Hence, Tata Sons will have to be listed in three years, but the Tata group is expecting the RBI to relax the rule for it, or else the group will have to submit data to the RBI for all the group companies and 400-odd subsidiaries and associate companies.
This will be a cumbersome exercise for both the RBI and Tata Sons, and a relaxation of the rule is expected soon.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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