Brief by Shorts91 Newsdesk / 12:51pm on 04 Mar 2024,Monday Business
Tata Motors' board greenlights the demerger plan, segregating the company into two distinct listed entities: commercial vehicles and passenger vehicles. Shareholders will maintain identical ownership in both entities. The move follows earlier subsidiarisation of PV and EV businesses in 2022, aimed at enhancing growth and agility. Tata Group chairman N Chandrasekaran highlights independent operations of the three automotive units, expecting the demerger to optimize opportunities. The process, facilitated by an NCLT scheme, anticipates completion in 12-15 months without adverse impact on stakeholders.
