Shapoorji Pallonji Group reiterates call for transparency, governance through public listing of Tata Sons

New Delhi [India]October 11 (ANI): Amid ongoing controversy over Tata Trusts’ internal affairs, Shapoorji Pallonji (SP) Group has renewed its call for Tata Sons to go public.

In a statement, Shapoorji Pallonji Mistry reiterated that the move towards IPO will support the vision of Tata Group founder Jamsetji Tata and serve the interests of all stakeholders.

“Shapoorji Pallonji Group has consistently advocated for the IPO of Tata Sons. We firmly believe that the listing of this premier institution will not only uphold the spirit of transparency envisaged by its founding father, Shri Jamsetji Tata, but will also strengthen trust among all stakeholders (employees, investors and the people of India),” the statement said.

Shapoorji Pallonji Group said transparency is “the truest form of respect for both heritage and the future” and the listing of Tata Sons will ensure greater accountability in one of India’s oldest and most respected conglomerates. The statement also emphasized that such a step will create long-term value for more than 1.2 crore shareholders of Tata companies who indirectly hold shares in Tata Sons.

“As one of India’s oldest business institutions, we have full faith that the Reserve Bank of India, a constitutional and autonomous body, will take decisions based on the principles of equality, justice and public interest,” he said. The statement also highlighted the importance of the September 30, 2025 compliance deadline under the RBI’s “Upper Tier” classification for Non-Banking Financial Companies (NBFCs) and called for it to be treated with “seriousness and sanctity”.

Calling the listing not just a financial act but also a “moral and social imperative”, Shapoorji Pallonji Group said the move will enable Tata Trusts to benefit from a stable and transparent flow of funds.

“A transparent and public Tata Sons will ensure continued access to the Trusts, paving the way for a sound and fair dividend policy,” the statement said, adding that such funds can continue to support prosperity and development of society in line with the founding ideals of the Tata family.

Reaffirming its long-standing ties with the Tata Group, Shapoorji Pallonji said in a statement: “Our relationship with the House of Tatas spans generations, is based on mutual respect and shared heritage. We are fully committed to playing a constructive role together with Tata Trusts and Tata Sons in shaping a future that preserves the legacy of both our founding families.”

Shapoorji Pallonji Group remains steadfast in its commitment to these principles for the stability of its institutions, protection of shareholders and the greater good of Bharat, he said. (MOMENT)