Tata Sons Expects IPO Deadline Extension Amid Regulatory Review

Imagine a big company called Tata Sons that the government, through the Reserve Bank of India (RBI), said had to sell shares to the public (IPO) by September.

But Tata Sons doesn't want to.

They are talking to the government to delay the IPO.

They think the government will give them more time because they aren't a company that deals directly with customers.

Also, going public could open them up to being taken over.

A group that owns part of Tata Sons wants to sell their shares.

If the IPO is delayed, they won't be able to sell them.