The reorganisation would require a prior no-objection certificate from the RBI, and Tata Trusts are expected to engage with the central bank on the proposed structure. Noel Tata-led Tata Trusts proposed a restructuring of Tata Sons Pvt. Key points and original sources are listed below.

• The reorganisation would require a prior no-objection certificate from the RBI, and Tata Trusts are expected to engage with the central bank on the proposed structure.S1

• Noel Tata-led Tata Trusts proposed a restructuring of Tata Sons Pvt. by merging two unlisted units in a bid to stave off a listing for the holding company of the sprawling Indian conglomerate.S2