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Tata Motors shares closed 1.5 percent higher at Rs 682.55 on the NSE on Tuesday, ahead of the company’s demerger that becomes effective from Wednesday, October 1.

The company had in August last year approved the demerger of its commercial and passenger vehicle businesses into two listed entities to sharpen focus and capitalise on growth opportunities.

Under the plan, the commercial vehicles business along with its related investments will be placed in one entity, while the passenger vehicles business — including electric vehicles, Jaguar Land Rover (JLR) and related investments — will form the second entity.

Post-demerger, the passenger vehicles arm will be renamed Tata

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