On March 4, Tata Motors Ltd (TML) announced its decision to separate its businesses into two distinct listed entities: commercial vehicles (CV) and passenger vehicles (PV). The company stated, “The demerger follows the prior subsidiarisation of PV and EV businesses in 2022, enhancing each business’s ability to pursue its strategies for increased growth and agility while maintaining accountability.”
In recent years, Tata Motors’ CV, Passenger Vehicles (PV+EV), and Jaguar Land Rover (JLR) divisions have implemented separate growth strategies. Since 2021, these divisions have operated independently under their respective CEOs, as noted by Tata Motors.
Tata Motors’ stock on BSE closed unchanged at Rs 989 on Monday. The demerger will be executed through an NCLT scheme of arrangement, ensuring that all TML shareholders maintain identical shareholdings in both listed entities. The company stated in a stock exchange filing that obtaining necessary approvals from shareholders, creditors, and regulatory bodies could take an additional 12-15 months to complete the demerger process.
Over 40 missiles and 70 drones hit Ukraine's energy facilities, targeting gas infrastructure. Despite air…
World leaders, including President Biden, UN Secretary-General Guterres, and European officials, welcomed the ceasefire deal,…
Cristiano Ronaldo’s new contract with Al Nassr will not only keep him at the club…
Missi Roti, a nutritious Indian flatbread, ranks 56th on Taste Atlas' 'worst foods' list, causing…
South African authorities rescued 246 survivors and recovered 78 bodies from an illegal gold mine.…
Fianna Fail leader Micheal Martin is set to reclaim Ireland’s premiership under a new coalition…