Tata Trusts pitch Tata Sons restructuring as alternative to listing

Mumbai: Tata Trusts have sent the board of Tata Sons a plan to fold two operating companies into the group’s holding company, seeking to change its regulatory status and preserve it as an unlisted private entity.

The proposal, which was sent to the Tata Sons board on Monday, would merge Tata Electronics Systems Solutions and Tata Consulting Engineers with Tata Sons, according to a Tata Trusts statement. The Trusts also held a media conference to outline the plan, putting their alternative to a potential listing of Tata Sons into the public domain.