India's Tata Trusts proposes Tata Sons reorganisation to exit RBI rules
The proposal would seek to ensure Tata Sons no longer comes under central bank rules for core investment companies or an NBFC.
On Sept 28, India’s Tata Trusts proposed a reorganisation of Tata Sons aimed at keeping the company outside India’s central bank rules for core investment companies or non-banking financial companies. The Reuters report was filed from Bengaluru by Mridula Kumar and edited by Shreya Biswas.