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Tata Group to launch India’s largest IPO? Has its stance changed after meeting with the government?
24htopnews | October 11, 2025 2:06 PM CST

The Tata Group may launch countrys largest IPO after several trustees of Tata Trusts are reconsidering their July decision that Tata Sons should remain private. This move could remove a major obstacle to Tata Sons listing on the Indian stock exchanges. Tata Trusts are the largest shareholder of Tata Sons. Three years ago the RBI classified Tata Sons as an upper-tier NBFC. According to regulations it was required to list within three years the deadline for which expired on September 30. This week government officials have attempted to defuse a boardroom battle at the large philanthropic organization that indirectly controls the Tata Group. According to Bloomberg the meeting follows government-mediated discussions on Wednesday. In these discussions officials urged representatives of Tata Trusts and Tata Sons Private Limited the groups holding company to resolve their differences and ensure they do not disrupt the groups operations According to an ET report the change in Tata Trusts stance comes days after Tata officials met with Home Minister Amit Shah and Finance Minister Nirmala Sitharaman in Delhi . This comes amid reports of differences among the trustees of Tata Trusts. At the meeting the government urged them to avoid confrontation and maintain stability within the trustees and not let their differences impact the functioning of Indias largest business group. It remains unclear whether the trustees will be able to muster a majority to clear the way for Tata Sons listing. The Tata Trusts board meeting on Friday avoided any contentious issues focusing on general issues. The meeting came at a time when there have been reports of disagreements among trustees over board appointments and functioning. A source said the meeting was a normal one with no contentious issues raised. The source added that presentations were made on several hospital and rural development projects. According to sources the trustees do not want to appear divided even if they have differences. Minority shareholder Shapoorji Pallonji Group has been demanding a public listing of Tata Sons for several years. This is because the SP Group is heavily indebted and a listing could yield a substantial amount of money. On Friday the group reiterated its demand for a listing of Tata Sons.


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