In direct opposition to the Shapoorji Pallonji Group, Tata Trusts is understood to have decided not to support the listing of Tata Sons at this time, as it could impact its ability to exercise voting rights on significant inter-group matters.

At the same time, it is open to exploring options for an orderly exit for the SP Group from Tata Sons over a mutually acceptable period, sources said.

According to Tata Trusts, the motivation expressed by SP Group for the listing of Tata Sons was primarily to secure liquidity for its shareholding, thereby addressing its self-inflicted debt challenges, sources aware of developments said.

Sources pointed out that the difficulties being faced by the SP Group are of its own making that cannot be remedied through the listing of Tata Sons. The charitable

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