Tata Motors has fixed Tuesday, October 14, as the record date to determine the eligibility of shareholders who will receive equity shares of TML Commercial Vehicles Ltd (TMLCV), the newly formed entity post the demerger.
Those holding Tata Motors shares as of that date will receive 1 equity share of TMLCV (face value Rs 2) for every 1 share held in Tata Motors, effectively mirroring their existing shareholding.
The demerger is part of a broader corporate restructuring initiative that involves Tata Motors Limited (the demerged company), TMLCV (the resulting company), and Tata Motors Passenger Vehicles Ltd (TMPV), which has been amalgamated into Tata Motors.
TMPV ceased to exist as a separate entity with effect from October 1, 2025, following regulatory approvals.
The scheme for Tata Motors’ demerger was approved by the National Company Law Tribunal (NCLT), Mumbai Bench, and became effective after the company filed the necessary documents with the Registrar of Companies.Tata Motors has also fixed Friday, October 10, as the record date for identifying debenture holders of specific non-convertible debentures (NCDs) that will be transferred to TMLCV as part of the same scheme.Shares of TMLCV are proposed to be listed on both the BSE and NSE.
Also read: RBI hikes limit for loan against shares to Rs 1 crore, IPO financing to Rs 25 lakh
The demerger is expected to pave the way for a sharper business focus and potential value unlocking across the commercial and passenger vehicle segments.
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