Tata Motors demerger: Commercial, passenger vehicles businesses to be split into two separate listed companies
1 year ago

Tata Motors demerger: Commercial, passenger vehicles businesses to be split into two separate listed companies

Hindustan Times  

Mumbai: Tata Motors' board has approved the proposal to demerge the company into two separate listed entities. The company said in a statement that the demerger will birth two companies -- a commercial vehicles business and a passenger vehicles business. "The demerger will be implemented through an NCLT scheme of arrangement and all shareholders of TML shall continue to have the identical shareholding in both the listed entities," the company said in the statement. Furthermore, while there are limited synergies between Commercial Vehicles and Passenger Vehicles businesses, there are considerable synergies to be harnessed across PV, EV and JLR particularly in the areas of EVs, autonomous vehicles, and vehicle software which the demerger will help secure," it added.

History of this topic

Tata Motors share: Is this stock to buy amid top officials resignation ahead of demerger?
1 month ago
Tata Motors share price dips as top executives exit ahead of demerger
1 month, 1 week ago
Tata Motors sees a top-tier exodus ahead of demerger
1 month, 1 week ago
Leadership Shuffle at Tata Motors: P.B. Balaji's Potential Role as Unifying Executive Emerges
4 months, 3 weeks ago
Tata Motors share price: Morgan Stanley's 'overweight' call on demerger decision
1 year ago
Stocks in focus today: Tata Motors
1 year ago
Tata Motors demerger: How does it affect shareholders?
1 year ago
Tata Motors plans separate sales network for electric vehicles as demand surges
1 year, 6 months ago
Tata Motors reports 50 pc jump in PV sales to 35,299 units in December
3 years, 2 months ago
Marc Llistosella not to join Tata Motors as new CEO & MD
4 years ago
Tata Motors Actively Scouting Partner for Passenger Vehicle Business, Plans Standalone Unit
4 years, 5 months ago
Tata Motors explores partnerships for electric mobility biz; likely to launch new electric car in two year's time
6 years, 1 month ago

Discover Related