Tata Trusts have proposed merging TESS and Tata Consulting Engineers with Tata Sons, saying the move could take the holding company outside the RBI's NBFC and CIC framework. The proposal seeks to retain Tata Sons as an unlisted private company
Reports earlier claimed that Tata Sons’ board backed a fresh five-year term for Chandrasekaran and cleared the company’s long-pending listing plan despite Noel Tata voting against the reappointment
The RBI has rejected Tata Sons' application to surrender its NBFC registration and filed a caveat in the Bombay High Court. The move could compel the Tata group holding company to list, amid shareholder differences and continuing leadership challenges
