Mumbai, Sept. 28 -- Tata Trusts has shared a plan to merge two operating companies into Tata Sons, a move meant to remove the Group's Core Investment Company status, which the main shareholder believes will help it avoid the Reserve Bank of India's (RBI's) order to list on a stock exchange.

On Monday, Tata Trusts, which owns 65.9% of Tata Sons, shared a plan to merge Tata Electronics Systems Solutions Pvt. Ltd (TESS) and Tata Consulting Engineers (TCE) with Tata Sons. After the merger, the company will have Rs.1,05,043 crore in revenue and will no longer qualify as a non-banking financial company or a core investment company. This is because the combined company will have net assets of Rs.2,00,158 crore, with investments in Group Compani...