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Shapoorji Pallonji Group, Tata Sons' second-largest shareholder, backs IPO

Posted on September 18, 2026
By Business News Today
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Shapoorji Pallonji Group, Tata Sons' second-largest shareholder, backs IPO

Shapoorji Pallonji Group, which owns about 18.4% of Tata Sons, has backed a potential listing of the holding company after the RBI rejected Tata Sons request to surrender its Upper-Layer NBFC registration and directed it to comply with listing requirements.