New Delhi, September 18, 2026 (Yes Punjab News)
Shapoorji Pallonji Group Chairman Shapoor Mistry on Friday described the proposed listing of Tata Sons as a “social and moral imperative”, a day after Tata Trusts opposed the move and said all available options should be considered.
Mistry welcomed the Reserve Bank of India’s decision concerning Tata Sons, saying it had brought clarity to the matter and that a public listing would strengthen transparency and accountability.
His comments came amid a growing disagreement between Tata Trusts and the Tata Sons board over the proposed listing of the Tata Group’s principal holding company.
Tata Trusts, which holds a 66 per cent stake in Tata Sons, has opposed the listing, while the Tata Sons board approved the proposal at its meeting on Thursday.
Mistry also said the Shapoorji Pallonji Group remained open to constructive engagement with Tata Sons.
Tata Trusts Chairman Noel Tata reiterated the Trust’s position in a statement to the Tata Sons board, saying the board had already taken a decision on the listing issue.
“Such a matter requires papers, clarifications, advice and time and I have no doubt that these are being prepared. The Board will be fully informed,” Noel Tata said.
He also questioned whether the RBI’s communication specifically required Tata Sons to pursue a listing.
“The RBI order has no mention of ‘listing’,” Noel Tata said, adding that the communication did not refer to any specific action or state that Tata Sons had violated any regulations.
Noel Tata further said the board had not yet formed an opinion on the legal implications of the RBI’s communication, including what Tata Sons was required to do and the timeframe involved.
The differing positions come as Tata Sons considers its next steps following the RBI’s communication and the board’s decision to approve the proposed listing.
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