Tata Motors’ CV arm to be dropped from NSE, BSE indices after listing
TMCV made its market debut this week, listing at around ₹335 on the NSE, nearly 28% higher than its implied price of ₹260.75. The demerger, effective from October 1, had October 14 as the record date for identifying eligible shareholders. TMPV, which houses the passenger, electric vehicle, and Jaguar Land Rover segments, will continue to be part of the Nifty 50 index.
TMCV made its market debut this week, listing at around ₹335 on the NSE, nearly 28% higher than its implied price of ₹260.75. The demerger, effective from October 1, had October 14 as the record date for identifying eligible shareholders. TMPV, which houses the passenger, electric vehicle, and Jaguar Land Rover segments, will continue to be part of the Nifty 50 index.
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