Business EconomyPosted at: Oct 11 2025 10:41PM


Shapoorji Pallonji Mistry supports listing of Tata Sons, assures of 'constructive role'

Mumbai, Oct 11 (UNI) Construction and engineering major Shapoorji Pallonji Mistry Group officially issued a statement today saying that it supports public listing of Tata Sons, which is the holding company of the Tata Group, saying that it would play a "constructive role".
The statement came at a time when a rift among Tata Sons board of directors has been reported about whether or not Tata Sons must get publicly listed.
"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 like employees, investors, and the people of India," according to the statement quoting (Shapoorji Pallonji) SP Group Chairman Shapoorji Pallonji Mistry.
Any delay in a Tata Sons IPO would hurt the Shapoorji Pallonji Group, which has been trying to sell its 18.37 percent stake in Tata Sons, to reduce its debt. The debt-laden Shapoorji Pallonji Group has struggled to monetise its stake holding in Tata Sons, as its financial troubles increased after the pandemic, the statement mentioned.
Mistry called for the RBI's compliance timeline of September 30, 2025 for Tata Sons to be listed "under the "Upper Layer" classification "be viewed with the seriousness and sanctity that regulatory commitments deserve".
"Our stance is guided by a simple yet profound belief that transparency is the truest form of respect for both legacy and the future," SP Group Chairman Shapoorji Pallonji Mistry said in the statement.
"As one of India's oldest business houses, we have full faith in the Reserve Bank of India (RBI), a constitutional and autonomous body, to take decisions grounded in the principles of equity, justice, and public interest," Mistry's statement mentioned.
Mistry's reference to the RBI was regarding the RBI's Scale-Based Regulatory Framework clearly which stipulates that a Non-Banking Financial Company (NBFC) should not act in a manner detrimental to the interests of its investors.
"We trust that the September 30, 2025 compliance timeline under the upper layer classification as per the RBI classification of Tata Sons, will be viewed with the seriousness and sanctity that regulatory commitments deserve," Mistry said, adding that "the public listing of Tata Sons is not merely a financial step but a moral and social imperative".
Earlier, on Tuesday, Tata Group Chairman Noel Tata and Tata Motors Chairman, along with Tata Trusts Vice Chairman Venu Srinivasan and trustee Darius Khambata, had met union Home Minister Amit Shah and union Finance Minister Nirmala Sitharaman at the home minister's residence.
Reportedly, a firm message was conveyed by the central government to the Tata group's leadership to restore stability at Tata Trusts and ensure that internal discord does not spill over to affect Tata Sons, which is the country’s most valuable business conglomerate.
Significantly, Tata Trusts has a decisive influence over Tata Sons through its 66 percent stake in Tata Sons, which is the holding company of the Tata Group. UNI XC SS
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Tags: #Shapoorji Pallonji Mistry supports listing of Tata Sons# assures of 'constructive role'
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