Shapoorji Pallonji Group asks for listing of Tata Sons

Shapoorji Pallonji Group which holds over 18% stake in Tata Sons has reiterated it’s demand for listing of Tata Sons as per norms announced by the Reserve Bank of Indus (RBI). This comes at a time when RBI is getting ready to announce category norms for NBFCs. 

In a statement Shapoorji Pallonji Mistry, Chairman of Shapoorji Pallonji Group said, “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. These form the very foundation of the Tata Group.”