Here is the latest development on the Tata Sons IPO – The two factions of Tata Trusts have reportedly reached a mutual conclusion not to list Tata Sons. According to a report by The Hindu Business Line, both sides are unanimous that an IPO of Tata Sons is not in the interests of either the group or the trusts. The Shapoorji Pallonji (SP) Group, which owns around 18% of Tata Sons, has long been pushing for an IPO .

The report by Hindu Business Line quoted a source aligned with Noel Tata saying, “Why should we bail out the SP Group now? Did they ask us before running up a debt of Rs 50,000 crore? And where has the money gone?”

FInancial Express.com however could not confirm this. It is purely based on the Hindu Business Line report.

According to the report the person denied any infl

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