Mumbai, Oct. 1 -- The Tata Sons board is unlikely to clear a proposal sent by Tata Trusts Chairman Noel Tata to the board to consider and approve a strategic reorganisation which would take Tata Sons outside the regulatory framework which triggered off the RBI's directive to list the holding company on the stock exchange, sources said here today.
Earlier, Tata Trusts Chairman Noel Tata sent a proposal to the Tata Sons board to consider and approve a strategic reorganisation involving the merger of Tata Electronics Systems Solutions Pvt Ltd (TESS) and Tata Consulting Engineers (TCE) with the holding company Tata Sons.
Noel Tata proposed the move since it would take Tata Sons outside and beyond the regulatory framework which triggered off t...