If Tata Sons reorganises debt by repaying borrowing or transferring the holding in Tata Capital to another entity, it may get deregistered as a core investment company (CIC) and upper-layer NBFC.
In late 2016, Khambata quit the trusts citing professional commitments as the reason. That was just before the dispute between the Tata Trusts and the Shapporji Paoolonji Group began, which subsequently led to several litigations in many courts and quasi-judicial bodies.
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In a first-of-its-kind development in the banking sector, the Reserve Bank of India (RBI) has approved the merger of financial technology (fintech) credit and payment company slice and Guwahati-based North East Small Finance Bank (NESFB). With this deal, slice, the fintech, would become a small finance bank.