The Shapoorji Pallonji Group has come out in support of listing Tata Sons and welcomed a decision by the Reserve Bank of India, The Hindu reported on Friday, September 18, 2026. The group is a minority shareholder in Tata Sons, the holding company at the centre of India's largest conglomerate.
The Hindu did not detail the specific RBI decision in its headline and summary, and no further particulars of the group's statement were available in the reporting reviewed here.
The development lands amid a wider dispute over leadership at Tata Sons. Tata Trusts has said the re-appointment of N Chandrasekaran as Chairman is illegal, according to Autocar India. Telegraph India, meanwhile, reported that the same chairman is staying on as a power struggle engulfs the conglomerate. Deccan Herald framed the question as whether the leadership can resolve its disagreements without weakening the institution.
Attention has also turned to which Tata group companies stand to gain from a Tata Sons initial public offering. The Economic Times reported that Tata Chemicals may be the biggest beneficiary, even though Tata Motors and Tata Steel hold larger stakes.
The RBI's decision, the terms of any listing, and how the Tata Trusts dispute over the chairman's re-appointment is resolved are the threads to watch.