Shapoorji Pallonji Group chairperson Shapoorji Mistry urged Tata Trustees to support the public listing of Tata Sons to unlock value for minority stakeholders and foster institutional harmony.
Mistry's appeal follows Tata Trusts chairman Noel Tata's opposition to the listing at a board meeting where he instead proposed a three-year RBI extension and offered to buy back a 3% stake for ₹25,000 crore.
The SP Group holds an 18.37% minority stake in Tata Sons acquired since 1965, with the group facing an estimated total debt upwards of ₹60,000 crore across its holding and operating companies.