Yes to Shanghvi, no to Tata: Why RBI did not follow its precedent set in 2023
New Delhi, Sept. 14 -- The Reserve Bank of India's (RBI's) rejection of Tata Sons Pvt. Ltd.'s attempt to deregister stands in contrast to a similar situation faced three years ago by another holding company: Shanghvi Finance.The company, fully owned by billionaire Dilip Shanghvi and his wife, is a…
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