BusinessTata Trusts Propose Merger of TESS and TCE with Tata Sons
Tata Trusts, holding 66% of Tata Sons Private Limited (TSPL), proposed merging Tata Electronics Systems Solutions (TESS) and Tata Consulting Engineers (TCE) with TSPL. The restructuring aims to prevent TSPL from qualifying as a Non-Banking Financial Company (NBFC) or Core Investment Company (CIC) and retain its unlisted private status. Tata Trusts seek board approval and RBI no-objection for the plan.
News18 Business·12h ago


