Brief by Shorts91 Newsdesk / 06:52pm on 28 Sep 2026,Monday Business
Tata Trusts has proposed merging Tata Electronics Systems Solutions (TESS) and Tata Consulting Engineers (TCE) with Tata Sons to help the group’s holding company avoid a stock market listing. The Trusts, which own a 66% stake in Tata Sons, have asked its board to consider the restructuring and seek prior approval from the Reserve Bank of India (RBI). The proposed merger aims to remove Tata Sons’ classification as a non-banking financial company (NBFC) and a core investment company (CIC). The plan requires regulatory clearance. The move comes amid differences between Tata Trusts and the Tata Sons board over the company’s listing. (PC: X)
