Shapoorji Pallonji group, the largest minority shareholder in Tata Sons, said it has consistently advocated the public listing of Tata Sons, and that it had full faith in the Reserve Bank of India to take decisions that would be equitable, just and in the public interest.

In its first public statement since tensions within Tata Trust has resulted in a rift between the members, SP group said, “ In light of the recent developments pertaining to the internal matters of Tata Trusts, it is both timely and necessary to reiterate our long-standing position - one that has always been rooted in transparency, fairness, public interest, and adherence to the principles of good corporate governance.”

It pointed out that the public listing of Tata Sons was not merely a financial step, “it is a moral a

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