India, Sept. 28 -- The Tata Trusts, which hold a 66 per cent stake in Tata Sons, on Monday outlined a strategic reorganisation plan for the company that, once implemented, would ensure that the reorganised entity would neither qualify as a 'Non-Banking Financial Company' (NBFC) nor a 'Core Investment Company' (CIC).

The proposed reorganisation of Tata Sons Private Limited (TSPL) essentially involves the merger of Tata Electronics Systems Solutions Private Limited (TESS) and Tata Consulting Engineers (TCE) with TSPL.

According to the Tata Trusts, the proposed strategic reorganisation of TSPL's business and operations is not a new pathway. For almost 80 years of its 100-year existence, TSPL has had operating businesses and operating reven...