Tata Motors share price rose 3% intra-day and hit a high of Rs 739 in today’s trading session, following the formal effective date of its demerger and the record date announcement by the company.

The move splits the company into two separate listed entities. This includes TML Commercial Vehicles (TMLCV) and Tata Motors Passenger Vehicles (TMPV).

Let’s take a look at the record dates and share swap ratio which is the next key steps in the demerger process and other key details –

Tata Motors demerger: Record date for shareholders

The company has fixed Tuesday, October 14, as the record date for determining shareholders eligible to receive shares of TMLCV.

Under this, the shareholders of the company will receive one equity share of TMLCV for every one Tata Motors share held. This mainta

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