Tata Trusts reportedly plans to merge Tata Sons with TESS and TCE to avoid a mandatory public listing. This strategy aims to reclassify Tata Sons, dropping its "financial" tag. While the plan faces hurdles, including regulatory and board approvals, the author firmly argues against forcing a listing. The editorial stresses the paramount importance of ownership rights and a company's agency over its destiny. These are deemed fundamental to long-term economic outcomes and a crucial aspect of economic systems. The plan's feasibility is uncertain, but ownership autonomy is strongly supported.