The Company has fixed October 14, 2025 as the record date for determining the eligible shareholders who will receive one share of TML Commercial Vehicles Ltd of a face value of ₹2 each for each share held in Tata Motors Ltd of the same face value, as per the share entitlement ratio under the scheme.
As part of the deal, Tata Motors’ commercial commercial vehicle business was demerged into TMLCV, while Tata Motors Passenger Vehicles Ltd was merged with Tata Motors Ltd. The date set for the project is July 1, 2025.
Also read: Tata Motors shares fall after cyber attack hits JLR Q2 volumes
Tata Motors will remain a listed entity and change its name to Tata Motors Passenger Vehicles Ltd, carrying on the passenger vehicle business, including its investments in electric vehicle and Jaguar Land Rover (JLR) businesses. TML Commercial Vehicles Ltd will be renamed Tata Motors Ltd and will operate the commercial vehicle business.
On the record date, the share price of Tata Motors will be adjusted to reflect the demerger of the commercial vehicle business through an exchange price discovery mechanism. After finalizing the list of eligible shareholders, shares of TMLCV will be allotted and subsequently listed on the BSE and NSE.
During the period between allotment and listing, shares of TMLCV will not be available for trading. The process of obtaining listing and trading authorization is expected to take 45-60 days from the date of filing the necessary applications with the exchanges.
Also Read: Tata Motors JLR to begin phased restart of production from October 8 after cyber attack
Guidance on the cost of acquiring Tata Motors and TMLCV shares will be communicated in due course. The company said all relevant details and documents will be shared with shareholders through email and made available on the websites of Tata Motors, TMLCV and stock exchanges.
Shares of Tata Motors Ltd ended at ₹684.40, up ₹2.85, or 0.42 per cent, on the BSE.
