New Delhi: SP Group Chairman Shapoorji Pallonji Mistry on Friday reiterated for listing of Tata Sons. Mistry’s comment comes at a time when reports have emerged claiming that two of the trustees of Tata Trusts, Venu Srinivasan and Vijay Singh, have advocated for the public listing of Tata Sons. However, Tata Trust Chairman Noel Tata is against the move.
While calling for the listing of Tata Sons, Mistry said ‘it is not merely a regulatory compliance but a necessary evolution in the public interest’. He said he has full faith in government and the Reserve Bank of India to “act decisively” on the matter.
Shapoorji Mistry urges Tata Sons’ Public Listing
Mistry released a statement which read, SP Group has “full faith in the government of India and the Reserve Bank of India to act decisively” on the matter of listing of Tata Sons.
Mistry further said that so far there has been no clear evidence-based case presented which explains that the public listing of Tata Sons would materially damage the interests of the Tata Trusts or reduce their ability to serve beneficiaries.
“As I have stated earlier, we would like to reiterate that a timely listing of Tata Sons is not merely a regulatory compliance but a necessary evolution. One that will reinforce corporate governance, deepen transparency and accountability,” Mistry said.
“To date, no clear, evidence-based case has been presented to explain how a public listing would materially damage the interests of the trusts or reduce their ability to serve beneficiaries,” Mistry added.
Mistry, who has been vociferously pitching for the listing of Tata Sons, said, “listing of Tata Sons is fundamentally in the public interest”.
“A publicly listed holding company strengthens board accountability, broadens the investor base, and secures long-term value for all stakeholders,” the SP Group Chairman said.
Tata Trusts & SP Group
While advocating for the listing of Tata Sons, Mistry said the market debut of the company 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 that benefits the poorest sections of our country”.
In October 2025, amid infighting among trustees of Tata Trusts, Mistry had called for its listing to bring transparency. Tata Trusts control a 66 per cent stake in Tata Sons.
The Shapoorji Pallonji family has 18.37 per cent stake of Tata Sons. The SP Group plans to sell its shareholding in Tata Sons to raise funds and pare its debt.
With PTI inputs