Tata Sons to commence crucial meeting shortly:IPO Chandrasekaran’s successor likely to be key agendas

Tata Sons conducts crucial meeting at Bombay House in Mumbai on Thursday, 17 September, 2026. Earlier, T. V. Narendran, Managing Director of Tata Steel, arrived at Bombay House for the scheduled board meeting. TVS Motor Company, Chairman Emeritus arrived for the meeting Venu Srinivasan, Non-Executive Director, Chairman Emeritus of TVS Motor Company, had also arrived at Bombay House for the scheduled meeting. The Board is expected to discuss leadership succession and public listing, among other agendas. RBI files a caveat in Bombay HC Earlier, after rejecting Tata Sons application to surrender its NBFC registration, the Reserve Bank had filed a caveat in the Bombay High Court, in an attempt to ensure that it is heard before any order is passed in the matter by the judiciary in the high-stakes battle, sources said to PTI. Tata Trusts reluctant for Tata Sons IPO The RBI’s rejection of the March 2024 application compels the holding company to list on the bourses, and many parties including the Tata Trusts, its largest shareholder owning over two-thirds, is reluctant to go for the listing. In a scenario when any petitioner approaches the court, the caveat ensures that the central bank s side is heard before any order, including even a stay on the order, is passed, said PTI. RBI clarifies Tata Sons is NBFC The central bank ended months-long suspense by rejecting Tata Sons plea, after which it is classified as an upper-layer non-bank finance company (NBFC) and must list. Tata Sons is worth $170 billion The $170 billion Tata Sons is still facing leadership challenges and a divided board, which led chairman N Chandrasekaran to opt out of reappointment when his term ends in February next year.