Tata Sons IPO deadline ends, eyes on RBI move

Tata Sons has missed the Reserve Bank of India's listing deadline, with its application to surrender its core investment company registration still awaiting a decision. The banking regulator has not yet responded to Tata Sons' March submission, creating uncertainty for the conglomerate. Lawyers indicate RBI could accept the request or extend compliance time.

Tata Sons IPO deadline ends, eyes on RBI move
Tata Sons has missed the Reserve Bank of India's listing deadline, with its application to surrender its core investment company registration still awaiting a decision. The banking regulator has not yet responded to Tata Sons' March submission, creating uncertainty for the conglomerate. Lawyers indicate RBI could accept the request or extend compliance time.