As the Tata Sons boardroom dispute continues, attention is turning to the possible avenues available to Noel Tata and Tata Trusts, including legal, board-level
and regulatory options. Here are the three possibilities as per sources to Times Now Digital. 1. NCLT Route On SP Group Stake Noel Tata has already tabled a proposal from the Shapoorji Pallonji Group to monetise a portion of its Tata Sons stake, with the proposal envisaging a selective capital reduction process through the NCLT. If pursued and approved, the proposed structure could provide liquidity to the SP Group while potentially changing the shareholding structure of Tata Sons, subject to the applicable legal, corporate and regulatory processes. 2. Continue The Boardroom Challenge Noel Tata and other Tata Trusts representatives could continue to raise their objections within Tata Sons and seek further consideration of the decisions concerning the chairman’s tenure and the proposed listing. This could provide an avenue for the Trusts’ concerns to be considered in subsequent board-level discussions, although it would not by itself overturn decisions already taken. 3. Oppose Or Seek Reconsideration Of Listing Tata Trusts could continue to oppose the proposed listing and seek consideration of alternatives, including through further engagement with the Tata Sons board and relevant regulators. The Trusts have publicly said they have not agreed to the listing and have called for all available options to be explored.
