The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tata Motors Ltd
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Tata Motors Limited (formerly TML Commercial Vehicles Limited) has acquired 29,82,214 equity shares (48.98%) in Automobile Corporation of Goa Limited through an off-market transfer under a Composite Scheme of Arrangement. The scheme, which demerged the commercial vehicles business of the old Tata Motors Limited into a resulting company, was approved by the NCLT Mumbai Bench on August 25, 2025 and September 10, 2025, and became effective October 1, 2025. As part of the scheme, the old Tata Motors was renamed Tata Motors Passenger Vehicles Limited, and TML Commercial Vehicles Limited took on the Tata Motors Limited name. The promoter group's holding in the Goa-based auto company has gone from Nil before to 48.98% after this acquisition, which was completed on November 18, 2025.
This is a change in the promoter entity — not a new third-party acquisition. For shareholders, the economic interest of the Tata Motors group in Automobile Corporation of Goa remains unchanged at 48.98%, and the stock price is unlikely to be materially affected since no fresh money has changed hands and no open offer is triggered by this internal restructuring.