Tata Group stock jumps 5% after announcing record date for demerger
Tata Motors Limited will begin trading without its commercial vehicle business the day after the record date. The company will then be renamed Tata Motors Passenger Vehicles Limited. According to management, the commercial vehicle division that is being separated may start trading on the stock market by mid-November, depending on regulatory approvals.
Tata Motors Limited will begin trading without its commercial vehicle business the day after the record date. The company will then be renamed Tata Motors Passenger Vehicles Limited. According to management, the commercial vehicle division that is being separated may start trading on the stock market by mid-November, depending on regulatory approvals.
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