Tata Trusts propose merger plan for Tata Sons; say NBFC, CIC rules won’t apply to new entity

Tata Trusts, which holds a 66 per cent stake in Tata Sons Private Limited (TSPL), announced a strategic reorganisation plan for TSPL. The proposed structure aims to ensure the entity operates without classification as a Non-Banking Financial Company (NBFC) or a Core Investment Company (CIC).Under t…