Tata Sons row: ‘Sebi monitoring all developments,’ says chairman Tuhin Kanta Pandey
SEBI chairman Tuhin Kanta Pandey stated that the regulator is monitoring governance developments at Tata Sons. While Tata Sons is not a listed company, the regulator is keeping a close watch on the group's listed entities and their compliance with disclosure norms.
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Regulatory oversight of major conglomerates is essential for maintaining investor confidence and corporate governance standards in the stock market.
NEW DELHI: The Securities and Exchange Board of India (SEBI) is monitoring governance-related developments at Tata Sons, the holding company of the Tata Group, chairman Tuhin Kanta Pandey said on Saturday. He added that the group's listed companies and their promoters must follow Sebi's disclosure and compliance rules, even though Tata Sons itself is not a listed company.His remarks come amid differences over the reappointment of N Chandrasekaran as Tata Sons chairman and whether the holding company should be listed.Speaking on the sidelines of the launch of the Bharat Chamber Investors Forum, Pandey said that the regulatory requirements applicable to Tata Sons were different from those governing the group's listed companies."At the holding company level, there are some issues, as that's not really a listed company.
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