Shares of Tata Chemicals surged by as much as 8%, while Tata Investment Corporation saw gains of around 6% after Shapoorji Pallonji Mistry publicly supported the listing of Tata Sons. Mistry described the listing as a necessary evolution rather than a regulatory requirement, asserting it would enhance governance, transparency, and accountability within the Tata group. This support comes amid scrutiny of Tata Sons' structure, which controls stakes in major entities like Tata Consultancy Services (TCS), Tata Motors, and Tata Steel. The recent classification of Tata Sons as an upper-layer Non-Banking Financial Company (NBFC) by the Reserve Bank of India (RBI) has further fueled discussions about the potential listing, as such entities may be required to go public unless exempted. Analysts believe that a listing could unlock significant value for holding company stocks, which are often undervalued. However, there are differing opinions within Tata leadership, as Tata Trusts previously resolved to keep Tata Sons unlisted. Venu Srinivasan, another prominent figure, also expressed support for a listing, suggesting it would provide an exit for minority shareholders and facilitate capital for growth.