Tata sons will have to list as RBI rejects firm’s deregistration application

The RBI has rejected Tata Sons application to deregister as an NBFC, sources say.

Tata Sons must now comply with upper-layer NBFC regulations, including listing on stock exchanges.

The company's listing would give retail investors indirect exposure to unlisted Tata businesses.

Tata Sons' financial profile has strengthened, with revenue rising 1.7-fold and profit nearly 12 times over six years.