Following Tata Trusts trustees Venu Srinivasan and Vijay Singh's renewed IPO call, the Shapoorji Pallonji (SP) group, holding over 18% stake in Tata Sons, has demanded listing of the holding company on stock exchanges. SP group Chairman Shapoorji Pallonji Mistry stated it would reinforce corporate governance, transparency and accountability. The push contrasts with Tata Trusts' resolution a year ago to retain its unlisted status.
Tata Trusts trustees Venu Srinivasan of the TVS Group and Vijay Singh have publicly advocated listing Tata Sons through an initial public offering. Close on their heels, the Shapoorji Pallonji (SP) group, which holds over 18% stake in Tata Sons, demanded its listing on stock exchanges to reinforce corporate governance, deepen transparency and accountability.
SP group Chairman Shapoorji Pallonji Mistry said on Friday, "A publicly listed holding company strengthens board accountability, broadens the investor base, and secures long-term value for all stakeholders." He reiterated that no clear evidence shows a public listing would damage trusts' interests or their ability to serve beneficiaries.
The SP group seeks an exit from Tata Sons to fund its business plans. Mistry added, "Besides, a listing will unlock value for millions of retail shareholders, create a more defined and robust dividend stream for the Tata Trusts, and expand the social and philanthropic impact."
Mistry noted constructive engagement with Tata Sons leadership for an amicable reconciliation and called on the Reserve Bank of India for decisive direction on the RBI-mandated listing. "We repose full faith in the Government of India and the Reserve Bank of India to act decisively," he said. On October 10, 2025, the SP group had described the listing as a moral and social imperative benefiting over 1.2 crore indirect shareholders.