Overview

• Sources say a lengthy Tata Trusts meeting ended without a resolution on whether to pursue a public listing of Tata Sons.
• The Shapoorji Pallonji Group issued an official statement endorsing a listing, calling it a transparency imperative that would benefit stakeholders.
• SP Group said it seeks to sell part of its 18.37% stake in Tata Sons to reduce debt, making delays contrary to its interests.
• Tata Sons has asked the RBI for relief from the upper-layer NBFC listing requirement, arguing it is not a conventional deposit-taking NBFC.
• Senior Tata leaders recently met Home Minister Amit Shah and Finance Minister Nirmala Sitharaman as the Centre pressed for stability, with trustee rifts highlighted by the rejected bid to reappoint Vijay Singh to the Tata Sons board.