Tata Sons can’t chase quarterly returns: Noel

Tata Trusts Chairman Noel Tata said on Tuesday that a public listing would expose Tata Sons to greater market scrutiny, disclosure requirements and oversight by minority shareholders, potentially reducing the Trusts’ influence over the group’s strategy. The pressure to meet investors’ quarterly expectations could also affect the group’s philanthropic work, he said.

His remarks come a day after Tata Trusts, which owns 66% of Tata Sons, proposed merging two Tata group companies with the holding company, as the charity seeks to sidestep a Reserve Bank of India ⁠requirement that Tata Sons list its shares.