Core Points - Tata Motors has set October 14 as the record date for shareholders eligible to receive equity shares of TML Commercial Vehicles Ltd (TMLCV) following the demerger [1][5] - The demerger is part of a corporate restructuring initiative involving Tata Motors Limited, TMLCV, and Tata Motors Passenger Vehicles Ltd (TMPV), which will cease to exist as a separate entity by October 1, 2025 [1][5] - The National Company Law Tribunal (NCLT) approved the demerger scheme, which became effective after necessary filings with the Registrar of Companies [3][5] - October 10 has been fixed as the record date for identifying debenture holders of specific non-convertible debentures (NCDs) to be transferred to TMLCV [4][5] - TMLCV shares are expected to be listed on both the BSE and NSE, aiming for sharper business focus and potential value unlocking in commercial and passenger vehicle segments [5]
Tata Motors shares rally 5% as demerger takes effect; record date announced
The Economic Times·2025-10-01 09:17