π¦ RBI files caveat over Tata Sons deregistration plan
The Reserve Bank of India (RBI) filed a caveat in the Bombay High Court after rejecting Tata Sons' application to deregister as a core investment company. This action means Tata Sons cannot be exempted from a stock market listing, as per the RBI's September 11 letter. The company's board meeting on Thursday will address this and other key matters. Tata Trusts plans to seek reasons from the RBI before challenging the decision formally. This regulatory move has significant implications for Tata Sons and its major shareholders. π¦