Tata Chemicals, Tata Investment Corp shares rally up to 12% amid Tata Sons IPO buzz

Tata Trusts, the majority shareholder of Tata Sons, are facing internal divisions regarding the company's listing status. The trusts, led by Noel Tata, have previously opposed a public offering but recent pressure from minority shareholders like Shapoorji Pallonji Group and calls for increased transparency have shifted their stance. Several prominent figures, including former Defence Secretary Vijay Singh and TVS Group’s Venu Srinivasan, advocate for listing, arguing that it would strengthen governance standards and unlock value for minority shareholders. However, some trustees remain opposed to a public listing, preferring to maintain the company's current unlisted structure.