From Your Shepherd . . .
The chairman of Tata Trusts said on Tuesday the charity’s proposed reorganisation of Tata Sons complies with Reserve Bank of India guidelines and could spare the salt-to-software conglomerate a stock market listing.
Tata Trusts, which owns 66% of Tata Sons, on Monday proposed merging two Tata Group companies with the holding company, as the charity seeks to sidestep a Reserve Bank of India requirement that Tata Sons list its shares.
