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 transparency and rigor. The Shapoorji Pallonji Group, a minority shareholder, stands to benefit from a listing.
RCF shares jump 3% after board approves Rs 1,500 crore FPO
RCF shares witnessed an uptick on Wednesday after the state-owned fertiliser maker’s board approved raising up to Rs 1,500 crore through a further public offering