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Live News EQUITY ARTICLE M impact

Tata Sons listing prospect lifts Tata Group minority-stake shares

Shares of Tata Group companies holding minority stakes in Tata Sons surged Tuesday, after the central bank last week rejected Tata Sons’ request to surrender its status as a non-bank lender.

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Shares of Tata Group companies with minority stakes in Tata Sons rose Tuesday, defying the broader market selloff driven by higher US bond yields and oil prices, after the central bank last week rejected Tata Sons' request to give up its status as a non-bank lender, according to the source text.