<h1>Minority shareholder urges holding company public listing under RBI Upper Layer compliance deadline to boost governance and cut debt</h1> A minority shareholder renewed calls for the public listing of the holding company amid reported infighting among trustees of the trusts that control it, urging adherence to the Reserve Bank's September 30, 2025 compliance timeline under the 'Upper Layer' classification to ensure transparency and regulatory sanctity. The shareholder framed listing as a moral and governance imperative to strengthen stakeholder trust and cited the central bank's scale-based framework for financial firms. The minority group, holding roughly 18.4% of the company, said listing would also enable it to monetize stake to reduce debt, while the trusts retain about 66% control.