Tata Motors demerger: From effective date to final timeline, 5 ‘must-know’ details
Tata Motors has set a date for the demerger of its commercial vehicle and passenger vehicle businesses, which will officially take effect on October 1. The CV business will become a separate entity called TML Commercial Vehicles Limited, while the PV arm will remain in the existing listed company. Shareholders will receive one share in the new CV entity for every share of Tata Motors they own.