Tata Sons Listing Row: Shapoor Mistry Backs IPO As Noel Tata Pushes ₹25,000-Crore Plan

The Tata Sons listing debate has intensified after Shapoorji Pallonji Group Chairman Shapoorji Pallonji Mistry publicly backed a listing, calling it a “social and moral imperative.” Mistry said a public listing could strengthen transparency, accountability and cooperation between shareholders and Tata Trusts. His statement comes a day after Tata Trusts Chairman Noel Tata opposed an immediate listing and pushed for alternatives. One proposal involves monetising part of the SP Group’s stake in Tata Sons to generate at least ₹25,000 crore, potentially through a selective capital reduction. The SP Group holds about 18.4% of Tata Sons and has sought liquidity from its stake.