Tata Sons Awaits IPO Relief From Regulator

Tata Sons, the closely-held holding company of the salt-to-software conglomerate, is not making any preparations for a near-term share sale as it believes the country's regulators will extend a deadline to take itself public, said people familiar with the matter.

- BLOOMBERG

Following engagement with officials, the company's leaders expect it will receive official communication from the Reserve Bank of India (RBI) granting extension for an initial share sale amid a nationwide review of rules governing entities that are not public-facing and do not require public funds, said the people, who asked not to be named discussing information that's sensitive.

The RBI had earlier classified Tata Sons as a top-tier non-banking lender, forcing it to list by September this year.