Shareholders received Tata Motors Commercial Vehicles shares in the ratio of 1:1. (Photo Source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Tata Motors Ltd. has carried out a major restructuring, splitting into two standalone firms: Tata Motors Passenger Vehicles Ltd. (TMPV) and Tata Motors Commercial Vehicles Ltd. (TMLCV). The much-anticipated demerger of the leading automaker officially came into force on Oct. 1.

The record date to determine the eligibility of shareholders for the allotment of shares in the 1:1 ratio was fixed as Oct. 14.

As part of the recent demerger, existing shareholders who held Tata Motors shares on or before the record date received an equal number of shares in the newly established Tata Motors Commercial Vehicles.

Nonetheless

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