Noel Tata adviser warns against forced Tata Sons listing as September 2025 deadline looms
Farokh Subedar argues an RBI-mandated Tata Sons IPO would let public shareholders veto strategic bets like Air India. Tata Trusts is split, with SP Group pushing a listing to relieve ₹55,000-60,000 crore debt. Stake math points to a potential ₹1 trillion-plus float.
Noel Tata confidant Farokh Subedar argues against RBI-mandated Tata Sons listing, warning public shareholders would block strategic moves like Air India acquisition. Tata Trusts split as SP Group pushes for listing to ease its ₹55,000-60,000 crore debt.