Tata Motors to demerge its businesses into two separate listed companies

Hyderabad/Mumbai, March 4 -- Part of the USD 128 billion Tata group, Tata Motors Limited (TML), has decided to demerge its business into two separate listed companies.

The Board of Directors of Tata Motors Limited (TML), at its meeting on Monday has approved the proposal of demerger of Tata Motors Ltd into two separate listed companies housing -A) the Commercial Vehicles business and its related investments in one entity and B) the Passenger Vehicles businesses including PV, EV, JLR and its related investments in another entity.

The demerger will have no adverse impact on employees, customers, and our business partners, the company said in a release.

The demerger will be implemented through an NCLT scheme of arrangement and all sharehold...