Vijay Singh, Vice Chairman of Tata Trusts, has publicly supported the idea of listing Tata Sons on stock exchanges through an initial public offering (IPO). This marks a significant shift from a resolution passed less than a year ago that aimed to keep Tata Sons as an unlisted private entity. Singh argues that the expansion of Tata Sons into capital-intensive sectors like aviation, defense, and semiconductors necessitates a reevaluation of its corporate structure to access the required funding. He believes that listing would not only facilitate capital raising but also enhance transparency and regulatory oversight. Singh's remarks follow similar sentiments expressed by Venu Srinivasan of the TVS Group, who also supports the IPO citing the need for liquidity for minority shareholders, particularly the Shapoorji Pallonji Group, which holds an 18.37% stake in Tata Sons. The Reserve Bank of India is expected to clarify its stance on the classification of Tata Sons, which could influence the decision on the IPO. As internal disagreements within Tata Trusts surface, the future of Tata Sons remains uncertain, with some trustees favoring the listing while others resist it to maintain control.