Noel Tata has written to Tata Sons to take up a business reorganisation plan presented by him to avert listing of the conglomerate's holding company, and Shapoorji Pallonji group's part-exit to raise Rs 25,000 crore at the next board meet scheduled for November 26.

Noel, who chairs Tata Trusts, has sent two separate letters to Tata Sons secretary Suprakash Mukhopadhyay in his capacity as a board member, sources privy to the development said, adding that any member can convey an item to be included in the agenda with 15-day notice.

Emails sent to both Noel Tata and Tata Sons for a response on the development did not elicit a reply immediately.

First of the letters asks for a discussion and a vote on the reorganisation plan, under which it plans to amalgamate Tata Electronic Systems and Tata Consulting Engineers into Tata Sons Private Limited that can help avoid listing the group's holding company, which is considered by RBI as a core investment company and not an operational one.

Noel's letter asks for a discussion on the September 11 letter from RBI, which makes a listing of Tata Sons mandatory by rejecting the application for de-registration. It informs that subsequent to the letter, two of the biggest trusts under Tata Trusts had sent the reorganisation proposal on September 26.

As per the proposal, Tata Sons will become an operating company with the merger of electronics and engineering businesses, and cease to be an NBFC-CIC, which attracts the regulator's listing mandate.

The issue of Tata Sons' listing is core to the differences between Noel and the board of Tata Sons, which outvoted the head of the biggest owner group in the company by favouring for a compliance with the RBI mandate at its meeting on September 17.

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