The Tata Trust board is met today to discuss key trust-related matters. Amid reports of government intervention after untimely exit of Tata Trusts member to rift with Shapoorji Pallonji (SP) Group over the public listing of Tata Sons , all eyes have been on what really transpired behind the closed doors.
There was no official comment made about sources have told financial express that Tatas are looking at allowing a partial exit to the SP group. It currently holds 18% stake in Tata Sons and is the second largest shareholder after the Trusts which hold 66% stake. SP Group currently holds about an 18.4% stake in Tata Sons through two entities.
The SP Group has been pushing for the listing to enable liquidation of part of its stake. Meanwhile, Tata Sons has been against going public.
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