Tata Motors to Demerge CV and PV Businesses into Separate Companies
India, March 4 -- Tata Motors, a well-known Indian automaker, has officially announced that it is going to go through a demerger. This was accepted by the company's board of directors today in a meeting. The demerger will split the company into two separate publicly traded entities. One will focus on the commercial vehicles business and the investments that go with it, while the other will focus on passenger vehicles, including PV, EV, JLR, and the investments that go with them. The company said in a statement that this strategic move, which will be carried out through an NCLT plan of arrangement, will make sure that all current Tata Motors shareholders will keep the same number of shares in both new companies.
Chairman N Chandrasekaran ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.