New Delhi, July 31 -- Tata Trusts, led by chairman Noel Tata, has directed Tata Sons chairman Natarajan Chandrasekaran to explore all possible options to ensure that the holding company of the Tata Group remains private even as the deadline for going public ends in two months.

Significantly, Tata Trusts, which owns 65.9% of Tata Sons, has requested that Tata Sons continue discussions with the Shapoorji Pallonji Group, to provide an exit to the largest minority shareholder.

"The chairman of Tata Sons is requested to exercise best endeavours to ensure that Tata Sons does not change its current status as an unlisted private company and that Tata Sons fully engages with the Reserve Bank of India in this regard," read a resolution passed at ...