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Tata Sons merger proposal faces questions from Tata Trusts trustees: Report

Tata Sons merger proposal faces questions from Tata Trusts trustees: Report

·Excerpt
Tata Sons merger proposal faces questions from Tata Trusts trustees: Report
Image: Tata Trusts has proposed merging Tata Sons with Tata Electronics and Tata Consulting Engineers to restructure and avoid classification as an NBFC, potentially eliminating the need for a stock market listing. (AI generated image for representational purposes only)

Some trustees of Tata Trusts on Wednesday questioned the validity of a proposed merger of Tata Sons Private Limited (TSPL) with Tata Consulting Engineers (TCE) and Tata Electronics Systems Solutions Private Limited (TESS), a move that could help the conglomerate avoid a listing, sources close to CNBC-TV 18 informedThe trustees reportedly said no resolution has been passed by the boards of Tata Trusts approving the merger proposal. And further mentioned that Sir Ratan Tata Trust has also been barred from…

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