The Tatas are working on a proposal to consolidate their financial service businesses under one company.
The group has a host of companies in the financial services space that include Tata Financial Services, Tata Investment Corporation Ltd, Tata Asset Management, Tata Securities, one of which is listed on the Bombay Stock Exchange.
Under the plan, which is still being worked out, there will be a broad group holding company under which the different businesses will be organised as divisions.
It is not clear, however, whether the group’s two insurance joint ventures —one in life and the other in general — with insurance giant AIG will be a part of the consolidation exercise.
Read more in The Business Standard article.
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