Tata Motors’ India business turned net debt-free in FY24, as did its UK-based subsidiary Jaguar Land Rover in FY25. (Photo: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The long-awaited demerger of Tata Motors Ltd. into its commercial vehicle business and passenger vehicle business, will take effect from Oct. 1, the company confirmed in a filing to the exchanges.
The move comes after board and regulatory approval, including a nod from the National Company Law Tribunal (NCLT).
As part of the demerger, shareholders will receive one share in the new commercial vehicle company for every fully paid Tata Motors share held on the record date.
Record Date Of Tata Motors Demerger
The record date of Tata Motors' demerger has not been announced as of yet. It will be