Tata Sons: Save the golden goose while protecting shareholder rights

Ninad D Sheth New Delhi, Oct 4 (UNI) The Tata Sons dispute calls for regulatory flexibility, a fair deal for minority shareholders and protection of a rare philanthropic institution. India has spent decades trying to build businesses capable of thinking in generations. It now faces the curious prospect of forcing one of its most historically important business groups into a stock-market listing even though its ownership structure serves a purpose beyond private wealth. The Tata Sons dispute has become a test of whether Indian regulation can accommodate an institution whose commercial success finances massive philanthropy and whose investments increasingly serve…