
The chairman of Tata Trusts says that changes can avoid going on the stock market.
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Noel Tata is the new chairman of Tata Trusts.
He wants to change the structure of the company Tata Sons.
This change can help the company to stay private.
In India, large financial companies must often go public.
The Central Bank of India has strict rules for these groups.
The new chairman thinks that a reform is a good solution.
Tata Sons owns many other famous companies like Tata Motors.
This decision is very important for investors all over the world.
For the moment, the company remains a non-listed entity.
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