Overview

• The Shapoorji Pallonji Group issued an on-the-record call for a public listing of Tata Sons, casting it as a transparency and governance step benefiting stakeholders.
• The group said it intends to sell part of its 18.37% holding to reduce debt and warned that further delay in an IPO would harm its interests.
• Tata Trusts, which controls 66% of Tata Sons, remains divided, with a lengthy trustees’ meeting this week ending without a resolution on listing.
• A recent flashpoint saw four trustees block the proposed reappointment of Vijay Singh to the Tata Sons board, underscoring the depth of the split.
• Noel Tata and N. Chandrasekaran met Home and Finance Ministers in New Delhi as the Centre urged stability, while the RBI’s upper-layer listing mandate and Tata Sons’ exemption request await a decision.