#noel-tata
Noel Tata’s IPO pushback said to trigger internal differences at Tata Group
A rift is emerging within the Tata conglomerate. Noel Tata opposes listing the parent firm, Tata Sons, despite upcoming Reserve Bank of India regulations. Two trustees will propose a public listing at an upcoming board meeting. This move aims to bring transpa…
Noel Tata’s resistance to IPO creates rift atop Tata Group
Noel Tata’s opposition to taking his family empire’s parent firm public is creating discord atop one of India’s most storied conglomerates, according to people familiar with the matter.