Noel Tata pushes back against Tata Sons IPO, says 'It'll destroy its character'

Tata Trusts Chairman Noel Tata has pushed back against a potential listing of Tata Sons after his decision was opposed 4-1 by the company's board. "This is not sentiment. It is the operating model of this House, and it has stood the test of time for over a century," Tata said. "A listing will destroy its character," he added.