Most Tata Group stocks suffered losses in morning trade on Tuesday, 29 September, after reports emerged that Tata Trusts has proposed a restructuring that would merge two of its operating companies with the Group’s holding company (holdco), Tata Sons, in a bid to sidestep its regulatory classification as a core investment company (CIC), to avoid the requirement of a stock market listing.
(This is a developing story. Please check back for fresh updates.)
About The Author
