Shapoorji Pallonji Group backs Tata Sons listing; Tata Group stocks fall
Shapoorji Pallonji Group Chairman Shapoorji Pallonji Mistry endorsed the Reserve Bank of India's decision regarding Tata Sons' listing, aiming to unlock value amid financial challenges. The SP Group holds over 18% of Tata Sons and has advocated for this move. Following this news, Tata Group stocks experienced a decline, reflecting market reactions.