BusinessTata Trusts Propose Merger to Avoid Tata Sons Listing Mandate
Tata Trusts proposed merging Tata Electronics Systems Solutions and Tata Consulting Engineers into Tata Sons to change its business mix and avoid a mandatory public listing. This aims to remove Tata Sons from the Reserve Bank of India's upper layer NBFC category, which requires listing within three years. The plan awaits Tata Sons board approval and RBI's no-objection. Tata Sons was placed in this category in 2022 with a 2025 listing deadline.
Business Standard·5h ago



