OPINIONCORPORATE GOVERNANCE - NBFC LISTING MANDATE
When 66 Percent of a Company Belongs to Charity, Should Regulation Still Force It to List?
At a recent Tata Sons board meeting, a majority of directors, including Tata Trusts nominee Venu Srinivasan, voted to retain N Chandrasekaran as chairman, defying Noel Tata. The episode has reopened the unresolved question of whether Tata Sons - classified an Upper Layer NBFC by the RBI in September 2022 and required to list within three years of that notification - will actually go public and what that means for a…
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