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Tata Trusts proposes Tata Sons revamp to avoid listing

Original: Tata Trusts proposes Tata Sons revamp to prevent listing driven by India's central bank

Tata Trusts has proposed a restructuring of Tata Sons aimed at preventing a forced listing of the conglomerate, a move driven by pressure from India's central bank. The Reserve Bank of India's rules on upper-layer non-banking finance companies would require Tata Sons to go public. The proposal puts the ownership structure of one of India's largest business groups under scrutiny.

Why now: The central bank's listing requirement is forcing a governance overhaul at one of India's biggest conglomerates.

Tata TrustsTata SonsReserve Bank of India

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• Tata Trusts proposes Tata Sons revamp to prevent listing driven by India's central bank · Reuters

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