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Tata leadership transition, IPO unlikely to impact ratings, S&P Global says
Potential leadership transition and listing of Tata Sons would not immediately affect the ratings of the companies in the salt-to-software conglomerate, S&P Global said on Tuesday, saying that changes to the financial policies are likely to be gradual. The comments by the ratings agency come amid a deepening boardroom rift at India’s Tata group, with controlling charities at odds with management over the reappointment of Chairman N Chandrasekaran and the response to a listing mandate for the holding company. Tata Trusts have proposed a restructuring that could help Tata Sons avoid a listin...
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