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Shapoorji Pallonji backs listing of Tata Sons holding company

Shapoorji Pallonji Group, Tata Sons’ second-largest shareholder, said it backs a potential listing of the holding company of India’s Tata conglomerate.

Shapoorji Pallonji Group, Tata Sons’ second-largest shareholder, on Friday said it backs a potential listing of the holding company of India’s sprawling Tata conglomerate, signaling support for a move that could reshape the ownership of one of the country’s best-known business groups.