Mumbai, Oct 10 (IANS) Amid sharp differences within the Tata Trusts that have come to the fore, the Shapoorji Pallonji Mistry (SP) Group on Friday announced support for the public listing of Tata Sons.
“We firmly believe that listing this premier institution will not only uphold the spirit of transparency envisioned by its founding father, Shri Jamsetji Tata, but also strengthen trust among all stakeholders — employees, investors, and the people of India,” the SP Group said in a statement.
Any delay in a Tata Sons IPO is against the interests of the Shapoorji Pallonji Group, which wants to sell part of its 18.37 per cent stake in Tata Sons to raise funds for reducing the debt burden of its construction and engineering company.
According to the statement, a transparent and publicly accou