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RBI Rejects Tata Sons' Bid to Avoid Listing, IPO Now Likely

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The Reserve Bank of India has rejected Tata Sons' application to surrender its core investment company (CIC) registration, according to sources. The move effectively blocks the Tata Group's holding company from avoiding a mandatory stock market listing. Tata Sons had sought to relinquish its CIC status as a strategy to sidestep the public listing requirement. With the RBI's refusal, the conglomerate is now expected to proceed toward becoming a publicly traded company.

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