Tata Motors has completed a key step in its restructuring process with the demerger of its commercial vehicles business into TML Commercial Vehicles (TMLCV). The move has been approved by the Hon’ble NCLT, Mumbai Bench, and the scheme has been slated to take effect from October 1, 2025.
The company has filed certified copies of the NCLT order and has resolved to implement the arrangement among Tata Motors, TMLCV, and Tata Motors Passenger Vehicles. Shareholders of Tata Motors have been entitled to receive one fully paid equity share of TMLCV for every share held in Tata Motors.
The Board has also identified non-convertible debentures worth Rs 2,300 crore to be transferred to TMLCV. The record date for determining shareholders eligible for allotment has been scheduled to be notified separately
