Tata Trusts Plan Merger Of Two Firms With Tata Sons

Tata Trusts proposed merging Tata Electronics Systems Solutions and Tata Consulting Engineers with Tata Sons. This would let Tata Sons work as an operating company and avoid being classified as an NBFC or core investment company, removing the need to list on stock markets. The Trusts asked the Tata Sons board to consider the plan and seek RBI's no-objection certificate.