Tata Trusts Propose Merger to End Tata Sons NBFC Status

Tata Trusts, which hold 66 per cent of Tata Sons Private Limited, have proposed merging Tata Electronics Systems Solutions and Tata Consulting Engineers into the holding company. The move would end TSPL's classification as a Non-Banking Financial Company and Core Investment Company, restoring an operating model with its own revenues. RBI approval is required.