November 22, 2024 19:20 (IST)
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Tata Motors announces demerger of Commercial Vehicle and Passenger Vehicle business; know how shareholders will be affected

Tata Motors announces demerger of Commercial Vehicle and Passenger Vehicle business; know how shareholders will be affected

Mumbai: The Board of Directors of Tata Motors Ltd has approved a Composite Scheme of Arrangement involving the demerger of its Commercial Vehicle (CV) business undertaking and the merger of Tata Motors Passenger Vehicles (TMPV) with the existing listed company thereby resulting in two separate listed companies for the CV and PV businesses.