Tata Trusts, which owns 66 per cent of Tata Sons, has proposed merging Tata Electronics Systems Solutions and Tata Consulting Engineers into the holding company. The restructuring aims to shed Tata Sons' NBFC and core investment company classifications, avoiding a public listing after the RBI rejected its deregistration request. The Trusts have asked the board to seek RBI approval.
Tata Trusts Propose Merger to Keep Tata Sons Unlisted
Source: WION