Shares of Tata Chemicals and Tata Investment Corporation fell around 3% after reports claimed Tata Trusts Chairman Noel Tata had written to the RBI opposing a potential Tata Sons listing. According to the report, Tata Trusts fears a public listing could shift Tata Sons focus towards short-term market pressures and away from its long-term strategic and philanthropic objectives, amid growing internal debate over the holding companys future.

Shares of Tata Chemicals and Tata Investment Corporation fell around 3% after reports claimed Tata Trusts Chairman Noel Tata had written to the RBI opposing a potential Tata Sons…

Noel Tata has urged the RBI to oppose Tata Sons' potential listing, citing concerns over its impact on the group's long-term character and philanthropic commitments.