The shares of Tata Motors were discovered at a price of Rs 400 apiece on NSE on October 14, marking a drop of 39.5 percent (or Rs 260.75 per share) from its previous closing price after a special pre-open session on stock exchanges. The stock has now adjusted to the demerger of its commercial vehicle business.
Earlier this month, the company fixed October 14 as the record date to determining the eligibility of the shareholders set to receive shares in its demerged commercial vehicle business. This means that investors who held Tata Motors shares as on the record date will be eligible for the demerger scheme.
These shareholders will get one share of the demerged entity for every one share of Tata Motors they own.
These shareholders will get one share of the demerged entity for every one share of Tata Motors they own. The shares of TML Commercial Vehicles Ltd (TMLCV) are likely to begin trading on BSE and NSE in November.
The demerger has already become effective from October 1. The stock adjustment took place today.
About Tata Motors demerger:
In August last year, Tata Motors' board approved the demerger of its commercial and passenger vehicle divisions into two separate listed entities in order to sharpen business focus and capitalise on future growth opportunities.
Following the demerger, the passenger vehicle arm will be renamed Tata Motors Passenger Vehicles (TMPVL), while the commercial vehicles entity will be listed in November as Tata Motors (TML).
The 1:1 demerger will create two focused entities — Tata Motors Commercial Vehicles (TMLCV) and Tata Motors Passenger Vehicles (TMPV).
Tata Motors share price history:
Tata Motors shares dropped nearly 7 percent in the past one month, and over 11 percent in 2025 so far. This comes after a 420 percent rally over the past five years.
Also read: Our LIVE blog on stock market updates
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