Venu, Vijay Singh query Noel's merger plan to avoid Tata Sons IPO
Tata Trusts vice-chairmen Venu Srinivasan and Vijay Singh challenged chairman Noel Tata's merger proposal on September 30, claiming it lacked board approval. The plan aims to prevent a stock market listing for Tata Sons after the Reserve Bank of India directed compliance with regulations for non-banking finance companies. The outcome may impact Tata Sons' future structure.