homebusiness NewsTata Sons weighs options to meet RBI's upper tier NBFC regulations, listing unlikely in near future: Sources

Tata Sons weighs options to meet RBI's upper-tier NBFC regulations, listing unlikely in near future: Sources

Sources told CNBC-TV18 that Tata Sons imminent listing appears increasingly improbable. Tata Sons is considering various avenues to adhere to the Reserve Bank of India's (RBI) mandates regarding upper-tier Non-Banking Financial Companies (NBFCs).

By Shereen Bhan  Mar 9, 2024 2:22:08 PM IST (Published)

1 Min Read

Tata Sons is considering various avenues to adhere to the Reserve Bank of India's (RBI) mandates regarding upper-tier Non-Banking Financial Companies (NBFCs). Notably, as per RBI regulations, any upper-layer NBFC is mandated to list its shares within three years, with Tata Sons expected to adhere to this directive by September 2025.
However, sources told CNBC-TV18 that the conglomerate's imminent listing appears increasingly improbable. Among the potential courses of action under consideration by Tata Sons, there is contemplation regarding the possibility of hiving off Tata Capital to ensure compliance.
Additionally, efforts to reduce group debt are being evaluated as part of the compliance strategy.