Tata Motors Demerger Record Date Looms

Tata Motors Ltd. has set October 14, 2025, as the record date to identify shareholders eligible for shares in its demerged commercial vehicles (CV) business, with equity shares of the new entity, TML Commercial Vehicles Ltd. (TMLCV), slated for listing on BSE and NSE in November. This 1:1 demerger, effective from October 1, splits the conglomerate into two focused listed companies: TMLCV for commercial vehicles and Tata Motors Passenger Vehicles Ltd. (TMPVL) for passenger vehicles, aiming to enhance operational efficiency and growth in EVs and global markets. The move, approved in August 2024, is poised to sharpen business focus amid India's booming auto sector. However, shares have tumbled nearly 9% over the past five sessions, closing at ₹689.30 on BSE – a six-session losing streak – pressured by F&O restrictions and pre-demerger volatility. Existing shareholders will receive one TMLCV share per Tata Motors holding, with adjusted prices expected to halve the effective value post-listing, preserving overall portfolio worth.