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Deal● Neutral for Tata Sons
Tata Sons outlook: Merger plan could change structure, but RBI decision remains crucial
The brief
- The merger proposal aims to avoid Tata Sons’ listing requirement
- RBI’s decision remains crucial to the plan
- RBI’s decision could affect Tata Capital and other Tata Group listed companies
- S&P says Tata leadership transition or listing would not immediately affect group ratings
- Tata Group stocks fall after latest proposal from Tata Trusts on Tata Sons listing