The SP Group, which holds 18.4% stake in Tata Sons, expects the RBI "will act". (Photo: Tata House in Mumbai. Source: Company website) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The Shapoorji Pallonji Group has pushed for the listing of Tata Sons, the holding entity of the salt-to-software conglomerate Tata Group. In a statement issued on Friday, it said the deadline imposed by the RBI for the listing should be taken seriously.
The Reserve Bank of India's "upper layer" classification for Tata Sons, issued in September 2022, required the company to be mandatorily listed by September 2025. Even though the deadline to list has passed, no clarity on the future of the listing has been clarified yet.
"We trust that the 30th September 2025 compliance timeline under the 'Up