Updated Jun 4, 2024 | 05:27 PM IST Tata Motors Demerger: Auto major Tata Motors informed that the authorised share capital of the subsidiary will be Rs 50,00,000 divided in to 25,00,000 equity shares of Rs 2 each. The size/turnover is, however, not Applicable since the company is yet to be incorporated. Tata Motors will …
Nomura India on Tuesday said the demerger of Tata Motors Ltd (TTMT) into commercial vehicle (CV) and passenger vehicle (PV) businesses may not result in any immediate change in the Street’s valuation approach. This is because India CVs, JLR and PVs are being well-run and have good disclosures, it said. However, in the medium term, …
Mumbai: Tata Motors’ board has approved the proposal to demerge the company into two separate listed entities. The company said in a statement that the demerger will birth two companies — a commercial vehicles business and a passenger vehicles business. A Tata Motors logo is pictured outside the company showroom in Mumbai, India.(Reuters file photo) …