The Economic Times

Noel Tata says Tata Sons' proposed restructuring complies with RBI rules, could avoid listing

Tata Trusts, led by Noel Tata, has proposed merging two companies with Tata Sons to prevent a public listing. This restructuring aims to address new Reserve Bank of India requirements without exposing Tata Sons to market scrutiny. By enhancing the revenue composition, the Trusts believe they can change Tata Sons' regulatory classification. The plan requires RBI approval and seeks to preserve the group's ownership structure while maintaining philanthropic efforts.