Noel Tata to seek compliance with RBI order while keeping Tata Sons unlisted

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Noel Tata is expected to advocate at an upcoming Tata Sons board meeting for the company to remain privately held. The move comes in response to a Reserve Bank of India directive that has raised questions about the conglomerate's listing status. Tata Sons is classified as an upper-layer non-banking financial company, which under RBI rules could require it to list on stock exchanges. The board is expected to explore ways to comply with the regulatory requirement without pursuing a public listing. This approach reflects the group's preference for retaining its private ownership structure.

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