BusinessTata Trusts Propose Merger of TESS and TCE with Tata Sons
Tata Trusts, holding 66% of Tata Sons, proposed a strategic restructuring merging Tata Electronics Systems Solutions (TESS) and Tata Consulting Engineers (TCE) with Tata Sons Private Ltd (TSPL). This aims to prevent the merged entity from being classified as an NBFC or Core Investment Company. The Trusts have requested Tata Sons' board to start regulatory approvals, including RBI's no-objection certificate, restoring Tata Sons to an operating company model.
Firstpost Business·8h ago


