Tata Sons listing in public interest, have faith in govt & RBI to act decisively: SP Group Chairman

New Delhi: Shapoorji Pallonji Mistry on Friday renewed his call for listing Tata Sons, describing it as a necessary step in the public interest and expressing confidence that the government and the Reserve Bank of India will act decisively.

In a statement, the SP Group Chairman said a timely listing is “not merely a regulatory compliance but a necessary evolution” that would strengthen corporate governance, transparency and accountability—core principles of the Tata Group.

He asserted that no evidence-based case has been made to show how a public listing would harm the interests of the Tata Trusts or weaken their ability to serve beneficiaries. “A publicly listed holding company strengthens board accountability, broadens the investor base, and secures long-term value for all stakeholders,” he said.

Mistry added that listing Tata Sons would unlock value for retail shareholders, create a more predictable dividend stream for the Tata Trusts, and expand the group’s philanthropic reach. He emphasised that compliance with the RBI-mandated listing would ultimately reinforce the group’s legacy of trust and public purpose.

The remarks come amid differing views within the trusts. Reports suggest trustees Venu Srinivasan and Vijay Singh have supported a listing, while Chairman Noel Tata has opposed the move.

Mistry said the SP Group remains in “constructive engagement” with Tata Sons leadership to reach an amicable resolution but is also looking to the RBI for clear direction.

The Shapoorji Pallonji family holds about 18.37 per cent in Tata Sons and has been seeking to leverage this stake to raise funds and reduce debt. The Tata Trusts, which own around 66 per cent, remain central to the decision on listing.