Also Read | Tata Trusts CEO defends action after Srinivasan, Singh accuse him of biasThe SP Group is the largest minority shareholder of Tata Sons, with an 18.37% stake. A listing of Tata Sons could help the Mumbai-based engineering and real estate group reduce its estimated ₹55,000-60,000 crore of debt. Tata Trusts is an umbrella entity comprising 15 philanthropic entities that together own two-thirds Tata Sons shares. In July 2025, Tata Trusts, led by chairman Noel Tata, directed Tata Sons chairman Natarajan Chandrasekaran to explore all possible options to ensure that the holding company of the Tata Group remained private. Regulatory tussle The matter of listing Tata Sons arises as part of a scale-based regulatory framework introduced by the Reserve Bank of India in October 2021.

Source: Mint April 10, 2026 16:02 UTC