Tata Motors Approves Demerger to Form Two Listed Entities
In a significant move, Tata Motors Ltd. has announced the demerger of its Commercial Vehicle business into a separate listed company. The Board of Directors has approved a Composite Scheme of Arrangement involving TML, TML Commercial Vehicles Limited (TMLCV), and Tata Motors Passenger Vehicles Limited (TMPV). Under the scheme, Tata Motors Ltd. will transfer all assets, liabilities, and employees related[Read More…]