Tata Motors to demerge CV and PV business as seperate listed companies
One entity will concentrate on Commercial Vehicles and related investments, while the other will manage Passenger Vehicles, encompassing PV, EV, JLR, and associated investments.
Tata Motors on Monday said its board has approved the proposal to demerge the company into two separate listed entities.
The commercial vehicles business and its related investments would be housed in one entity while the passenger vehicles businesses including PV (Passenger Vehicle), EV (Electric Vehicle), JLR ( Jaguar Land Rover), and its related investments would be part of the other entity, the auto major said in a regulatory filing.
Also check these Vehicles
Also Read : Tata Motors' safety drive: A closer look at company's Integrated Safety Centre
The demerger will be implemented through an NCLT scheme of arrangement and all shareholders of TML (Tata Motors Ltd) shall continue to have identical shareholding in both the listed entities, it added.
Tata Motors shares on Monday ended 0.12 per cent down at ₹987.20 apiece on the BSE.
Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.
Editor's Pick
Trending this Week
