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Tata Trusts proposes merger of electronics subsidiaries TESS, TCE into Tata Sons to shed CIC tag, avoid listing
The proposed restructuring would turn Tata Sons into an operating company alongside its role as the group’s holding company. The plan requires approval from the Tata Sons board and a prior no-objection certificate from the RBI.
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Tata Trusts has proposed merging Tata Electronics Systems Solutions Private Limited (TESS) and Tata Consulting Engineers (TCE) with Tata Sons Private Limit... [3952 chars]
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