Tata Capital, the holding company of Tata Group’s financial services business, is consolidating its group subsidiaries following a recent board approval, ahead of finalising its listing plans to meet the revised scale-based regulation (SBR) of the Reserve Bank of India.
Subsidiaries, Tata Capital Financial Services and Tata Cleantech will merge with Tata Capital, top executives close to the group said. Tata Housing Finance will be housed separately under the holding company.
Source:
Economic Times
