The Shapoorji Pallonji Group has welcomed the Reserve Bank of India’s decision regarding the regulatory status of Tata Sons and reiterated its support for listing the Tata Group’s holding company.

Shapoorji Pallonji Group Chairman Shapoorji Pallonji Mistry said on Friday, September 18, that the group “wholeheartedly” supports the listing in the interests of transparency, accountability, fairness and responsible institution-building.

The SP Group holds a little over 18% stake in Tata Sons and has previously advocated for the holding company to be listed. The group has argued that a listing could help unlock the value of its stake while supporting efforts to address its financial obligations.

The development comes amid the long-standing relationship between the Mistry and Tata families. Shapoorji Pallonji Mistry is the elder brother of former Tata Sons chairman Cyrus Mistry, who died in 2022, and is also the brother-in-law of Tata Trusts chairman Noel Naval Tata.

Tata Sons serves as the principal holding company of the Tata Group, making its regulatory classification and potential listing significant for shareholders and the wider business group.

The RBI’s decision could therefore have implications for the future ownership and regulatory framework surrounding Tata Sons.