Shares of the company will be issued in 1:1 ratio, where one share of TMLCV (TML Commercial Vehicles Limited), face value of Rs.2 (each fully paid up) would be allotted for one share of TML (Tata Motors Limited), face value of Rs.2 (each fully paid up).
According to the company’s scheme, Tata Motors Limited would be renamed as Tata Motors Passenger Vehicles Limited and TML Commercial Vehicles Limited would be renamed as Tata Motors Limited. From TMLCV’s share allotment until it gets listed on the BSE and NSE, its shares would not be available for trading.
14 October, 2025 has been set as the date of issuance and allotment of shares to the shareholders. Hence, from tomorrow 15 October, 2025, Tata Motors existing shares would turn into ex-commercial vehicle business and thereafter it would be renamed as Tata Motors Passenger Vehicles Ltd. (TMPVL).
What does Tata Motors’ split mean for investors?
As of today, Tata Motors Ltd. opened at a price of Rs. 400, which is around 40% lower from its previous close of Rs. 660.75. The price touched a high of Rs. 421.55 and a low of Rs.376.30. As per review on Trendlyne, the investors tend to hold the stock for the moment, rather than buying or selling it off.
As per Upstox, “the company fixed October 10 as the record date for determining the debenture holders of the identified non-convertible debentures (NCD) to be transferred from the company to TMLCV.”
The business of commercial vehicle and its investments would be listed under the name Tata Motors Limited, whereas its passenger vehicle and electric vehicle segment, would merge with the TML and it would be listed under the name Tata Motors Public Vehicle Limited.
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