India’s central bank rejected an application from Tata Sons Pvt. to surrender its status as a shadow lender, according to people familiar with the matter, signaling it expects the company to adhere with rules for such entities that include an initial public offering.
India’s central bank rejected an application from Tata Sons Pvt. to surrender its status as a shadow lender, according to people familiar with the matter, signaling it expects the company to adhere with rules for such entities that include an initial public offering.
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