The Shapoorji Pallonji Group has urged Tata Sons to consider launching an IPO, according to reports.

What Happened: According to a report by The Economic Times on Tuesday, the Shapoorji Pallonji Group, a major shareholder in Tata Sons who holds 18.37% stake, has expressed its interest in the company going public.

This move is viewed as a strategic one, aimed at unlocking value for the stakeholders of the conglomerate.

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The Shapoorji Pallonji Group has been involved in a protracted legal tussle with the Tata Group after Cyrus Mistry was ousted as Chairman of Tata Sons group in 2016. The proposal for an IPO emerges against this backdrop, possibly signalling a shift in the group’s strategy to resolve the dispute.

The report said that SP Group’s stake in Tata Sons could be at ₹3 lakh crore on the value of the listed portfolio. Tata Sons’ net profit increased 57% to ₹34,654 crore while revenue gained 25% to ₹43,893 crore according to the company’s FY24 annual report. The company also paid its highest ever dividend of ₹35,000 per share to shareholders.

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