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Tata Trusts mulls Tata Sons rejig
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Tata Trusts propose merging Tata Electronics Systems Solutions and Tata Consulting Engineers into Tata Sons to restructure its asset profile, exit RBI's NBFC-CIC framework, and avoid a public stock listing.
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Tata Trusts mulls Tata Sons rejig
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Mumbai: Tata Trusts, the majority owner of Tata Sons, have proposed merging two operating companies with the group's holding company in a restructuring aimed at allowing Tata Sons to shed its regulatory classification as a non-banking financial company and a core investment company, potentially removing the need for a stock-market listing.
The proposal, announced on Monday, involves merging Tata Electronics Systems Solutions Pvt Ltd (TESS) and Tata Consulting Engineers (TCE) with Tata Sons.
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