Tata Trusts Proposes Merging Electronics Subsidiaries into Tata Sons

Tata Trusts has proposed merging its electronics subsidiaries TESS and TCE into Tata Sons. This restructuring aims to transform Tata Sons into an operating company in addition to its holding company role, while shedding its CIC tag and avoiding a public listing. The plan awaits approval from the Tata Sons board and a no-objection certificate from the RBI.

Originally published by gnews