Charity Owns Commerce, Listing Will Change The Tata Way: Noel Tata | Read
Tata Trusts Chairman Noel Tata on Saturday made a strong case against listing Tata Sons. Speaking at the Hindustan Times Leadership Summit, Tata warned that bringing in tens of thousands of public shareholders could push profit ahead of philanthropy and change how the group has worked for generations.
"My worry is that listing, which is what some people are proposing, will change this way, this Tata way," he said, adding, "And one day, if we have 30,000, 40,000 shareholders, profit may take precedence over philanthropy. And I think that would fundamentally change the Tata way of working."
