The two major shareholders of Tata Sons – Tata Trusts and the Shapoorji Pallonji (SP) group — are believed to be in advanced talks to hammer out an exit route for the latter. “Listing of Tata Sons, which the SP group had demanded, is certainly not an option. Both side are looking at other routes through which SP can have at least a partial exit from its 18.6% stake position n Tata Sons,” sources familiar with the developments said, without divulging details.

Battling debt issues, the SP group has been insisting on a public share sale to monetise its stake, which the Tatas have declined.

Ahead of the annual general meeting on August 14 this year, Tata Sons chairman N Chandrasekaran had met Shapoor Mistry, the chairman of the SP group, to discuss the way forward. This was immediately aft

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