InGovern Challenges Tata Sons’ Bid to Shed CIC Status
Governance Concerns Over Tata Sons’ Regulatory Status Proxy advisory firm InGovern Research Services has formally urged the Reserve Bank of India (RBI) to reject Tata Sons’ application to surrender its status as a Core Investment Company (CIC). The firm argues that the holding company’s attempt to deregister—driven by the repayment of standalone debt—fails to meet…