Tata Trusts Opposes Tata Sons IPO, Board Still Approves

Tata Trusts, the principal shareholder of Tata Sons with a 66% stake, reiterated its opposition to the company's initial public offering. The Trust argued that the decision should consider all possible options beyond merely proceeding with a listing.

Nevertheless, the board of Tata Sons gave its nod to the IPO in a meeting held on Thursday, creating a clash between the Trust's stance and the board's resolution.