Photo: Times of IndiaTOPTimes of India ยท 4 hours agoLive
Tata Trusts propose merging 2 firms with Tata Sons to avoid RBI listing mandate
Reported by Times of India, not nibnow. We are not the publisher of this story, only the source is.
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WHAT HAPPENED
In a strategic move, Tata Trusts have put forth a plan to merge Tata Electronics Systems Solutions Pvt Ltd and Tata Consulting Engineers into Tata Sons. This restructuring aims to redefine Tata Sons' regulatory classification, thereby sidestepping extra regulatory burdens. Before any actions are taken, the proposal requires a no-objection certificate from the Reserve Bank of India.
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