Vijay Singh also stated that Tata Sons has been the leading player in sectors such as steel, locomotives, power, and infrastructure, and now wants to expand its expertise in areas like aviation, defence, semiconductors, and electronics, which require big investments and the latest technologies.
The newspaper also mentioned that the Tata Trustās chairman, Noel Tata, and former chairman, Ratan Tata, were against this decision. However, Vijay Singh insists that public listing will not only benefit shareholders but also benefit the growth of the business.
Vijay Singh explained that Tata Sons is looking to be involved in major projects like defence manufacturing. It will require building a fighter aircraft, and for that, Tata Sons needs to raise money, which can be raised via Initial Public Offerings (IPO).Ā
Addressing the question of potential ownership dilution, Vijay Singh said that the listing of Tata Sons will not change much, as Tata Trusts will still own a major share in the company.
Vijay Singh also mentioned that over the last 10 years, Tata Sons has grown bigger. And after considering the scale of its operations and the size of its employees, it is required to have more transparency and proper regulation.
The decision to list the company is still under discussion. The senior director said that according to the Tata Sons Chairman, N Chandrasekaran, listing is important and can be beneficial. However, he is limited by the companyās current position to make any major decision.Ā
The report also suggests that many trustees are in favour of listing the Tata Sons IPO on the stock market. And they do not think the chairman, Noel Tata, will be able to agree with everyone against listing.
