In a move that could queer the pitch for a consensus between the Tata group and the Shapoorji Pallonji (SP) group, the latter on Friday said a public listing of Tata Sons is a “moral and social imperative”. Tata Sons is the holding company of the Tata group’s 25 listed companies with a combined market cap of Rs 26.5 lakh crore (around $300 billion).

The Tatas have so far strongly resisted any move to list Tata Sons, with Tata Trusts Chairman Noel Tata reportedly asking Tata Sons Chairman N Chandrasekaran that while the holding company should remain private, he should work out a formula that gives an exit to the SP group, which is the second largest shareholder with 18.6% stake. Chandrasekaran, in fact, met Shapoorji Mistry, chairman of the SP group, on the issue, ahead of the annual g

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