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Tata Trusts propose merging 2 firms with Tata Sons to avoid RBI listing mandate
In a strategic move, Tata Trusts have put forth a plan to merge Tata Electronics Systems Solutions Pvt Ltd and Tata Consulting Engineers into Tata Sons. This restructuring aims to redefine Tata Sons' regulatory classification, thereby sidestepping extra regulatory burdens. Before any actions are taken, the proposal requires a no-objection certificate from the Reserve Bank of India.