Tata Trusts proposed a reorganization plan to merge Tata Electronics Systems Solutions and Tata Consulting Engineers into Tata Sons to retain operating business status.
The move aims to prevent Tata Sons from being classified as a Core Investment Company or Non-Banking Financial Company, thus avoiding mandatory public listing.
Noel Tata, chairman of the Trusts, strongly opposes listing and has signaled he will block any such initiative within the board.