Tata Motors CV shares list at 28% premium as demerger move pays off| Business News

Shares of Tata Motors Commercial Vehicles Ltd. listed at a premium of 28% to its implied value, as investors cheered the standalone listing of India’s largest truck-and-bus maker. That, in effect, means that the Tata Motors demerger has paid off for India’s largest conglomerate. Tata Motors CV investors cheered the standalone listing of India’s largest […]

Tata Motors CV to list as Tata Motors Ltd. on 12 November following demerger| Business News

Tata Motors Commercial Vehicles will list as Tata Motors Ltd. on India’s stock exchanges on 12 November, in completion of a demerger that split the PV and CV units of India’s largest automaker. A Tata Motors logo is pictured outside the company showroom in Mumbai, India. (Reuters) “We wish to inform that TMCV has intimated […]

Tata Motors PV share price falls over 5% after Tata Motors demerger takes effect| Business News

The Tata Motors demerger takes effect today to list the trucks and car units separately on India’s stock exchanges. Tata Motors PV share price, pegged at ₹400, fell as much as 5.53% to ₹376.90 apiece on the BSE after a special pre-open price discovery session. Tata Group Chairman N. Chandrasekaran has pitched the demerger as […]