New Delhi, Sept. 15 -- In the past few weeks, events at Tata Sons have unfolded at a frenetic pace, with uncharacteristically sharp differences surfacing, backroom tensions coming to light and regulatory decisions shifting over the past two years.

The latest is the Reserve Bank of India's (RBI) rejection of an application by the Tata holding company to surrender its certificate of registration (CoR) as a core investment company (CIC), which is required to list per extant regulations.

This comes on the heels of N. Chandrasekaran's announcement that he will leave the chairmanship of Tata Sons in February 2027. Shapoorji Pallonji Group, the largest minority shareholder in Tata Sons, is reported to be negotiating monetizing its 18.4% stake ...