Tata Trusts propose strategic reorganisation for Tata Sons Private Limited
Statement says the reorganisation would keep Tata Sons outside RBI core investment company rules and merge Tata Electronics and Tata Consulting Engineers with TSPL.
Sept 28 — Tata Sons Pvt Ltd said Tata Trusts have proposed a strategic reorganisation for Tata Sons Private Limited. The statement said the proposed reorganisation is intended to ensure Tata Sons would no longer come under RBI rules for core investment companies. It said the proposal entails the merger of Tata Electronics and Tata Consulting Engineers with TSPL. Tata Trusts said the reorganisation would return TSPL to its earlier operating model, with its own operations and revenues, while also serving as a holding company for Tata Group.