Tata Motors Demerger, Oct. 23 -- Tata Motors' long-awaited demerger has finally entered its last leg, and the buzz has only grown stronger. The Tata group company and a leading Indian automaker, formally separated its commercial vehicle (CV) and passenger vehicle (PV) businesses into two independent entities.

The PV arm - which houses the company's electric vehicle (EV) business and Jaguar Land Rover (JLR) - trades independently on the Indian stock exchanges, while the CV arm's listing is keenly awaited by investors.

Tata Motors fixed the demerger ratio as 1:1. This means each shareholder will receive one share of TML Commercial Vehicles Ltd (TMLCV) for every share of Tata Motors held.

The record date for the demerge was October 14.

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