Tata Sons considering debt restructuring to avoid RBI-mandated IPO
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Tata Sons, the $150-billion holding company behind Tata Group, is considering a balance sheet restructuring to avoid a mandatory IPO by September 2025. The company seeks an exemption from a mandate by Reserve Bank of India (RBI) which requires core investment companies (CICs) with assets over Rs. 100 crore and public funds to get listed in the stock market . Currently, Tata Sons is registered as a CIC with RBI and classified as an upper-layer non-banking financial company (NBFC).