Overview

• The Shapoorji Pallonji Group publicly urged a Tata Sons IPO, calling it a moral and social imperative that would enhance transparency and unlock value for investors.
• The group said further delay harms its plan to monetize part of its 18.37% stake to reduce debt, while pledging to play a constructive role alongside Tata Trusts and Tata Sons.
• Tata Trusts is divided, with a Mehli Mistry–aligned faction blocking Vijay Singh’s reappointment to the Tata Sons board and recent meetings ending without a resolution.
• Noel Tata, N. Chandrasekaran and other leaders met Home Minister Amit Shah and Finance Minister Nirmala Sitharaman as the Centre sought stability at the trust that holds a 66% stake in Tata Sons.
• Proxy advisors and securities lawyers said RBI’s upper‑layer NBFC framework leaves Tata Sons choosing between listing or restructuring, even as Tata Sons has sought an exception and the regulator has not clarified its stance after the deadline.