Tata Trusts Proposes Merger of Electronics Subsidiaries into Tata Sons
Tata Trusts has proposed merging its electronics subsidiaries, TESS and TCE, into Tata Sons. This strategic reorganization aims to shed the 'CIC' (Core Investment Company) tag and avoid related regulatory constraints. The Reserve Bank of India (RBI) is awaiting Tata Sons' formal response regarding Upper Layer NBFC compliance. Tata Sons is also addressing fresh RBI queries on listing compliance and preparing a roadmap for governance changes.
Moneycontrol.com·4h ago


