Noel Tata Hits Back With New Merger Plan | Can Tata Sons Avoid Listing? | Boardroom War

The Tata Sons boardroom battle has taken a dramatic new turn as Tata Trusts Chairman Noel Tata proposes a major restructuring to keep the Tata Group's holding company unlisted. The proposal seeks to merge two operating businesses with Tata Sons, potentially changing its regulatory classification and removing the requirement for a stock market listing. But why was this option not explored earlier? Sources tracking the developments tell Business Today TV that the proposal raises serious questions about the board's previous decisions. The latest move follows a contentious boardroom vote in which four directors supported N Chandrasekaran's reappointment, Noel Tata opposed it, and Chandrasekaran abstained. With the RBI's regulatory position, reported government intervention and an approaching Annual General Meeting adding to the uncertainty, the stakes remain high. Watch this Business Today TV special report for the proposal, the boardroom confrontation and what could happen next in this corporate battle.