Tata Sons to merge realty and infrastructure entities
Tata Sons may merge its subsidiaries Tata Housing Development Company and Tata Realty and Infrastructure (TRIL) as part of the larger consolidation exercise. The merger is being overlooked by Tata Son’s Chairman N Chandrasekaran in order to improve efficiency in existing business verticals.
According to media reports, Sanjay Dutt, currently chief executive at Ascendas-Singbridge, will head the new vertical comprising realty and infrastructure.
Tata Housing is mainly focussed on residential projects in cities such as Mumbai, Delhi-NCR, Goa and Maldives. While TRIL’s forte has been large-scale commercial projects, such as roads and highways.