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Tata Trusts seek to merge two firms into Tata Sons to sidestep RBI listing rule

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Tata Trusts have proposed merging Tata Electronics Systems Solutions Pvt Ltd and Tata Consulting Engineers into the parent entity Tata Sons. The restructuring is designed to alter Tata Sons' regulatory classification under Reserve Bank of India norms. The primary goal is to help the conglomerate avoid additional regulatory obligations, including a mandatory stock market listing. Before the merger can proceed, the RBI must issue a no-objection certificate approving the plan.

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