Tata Motors Demerger
Investors holding Tata Motors shares as of the record date will receive one share of TML Commercial Vehicles Limited (TMLCV) for every one share of Tata Motors they own.
Both shares will have a face value of Rs 2 each. This marks an important transition for shareholders, as they will soon hold shares in two separate listed companies.
- Investors will receive one TMLCV share for every one Tata Motors share.
- Example: 100 Tata Motors shares will be allotted 100 TMLCV shares.
No additional comments from the company.
Tata Motors shares will be in focus as the stock trades ex-date for its long-awaited demerger.
Author summary: Tata Motors demerger splits shares into two listed companies.
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