The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tata Motors Ltd
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Tata Motors Ltd (formerly TML Commercial Vehicles Ltd) has reported the acquisition of 29,82,214 equity shares (48.98%) in Automobile Corporation of Goa Ltd (ACGL) pursuant to a Composite Scheme of Arrangement sanctioned by the NCLT Mumbai Bench on August 25, 2025 and September 10, 2025. The shares were previously held by Tata Motors Ltd (now renamed Tata Motors Passenger Vehicles Ltd) and were transferred to the new Tata Motors Ltd (formerly TML Commercial Vehicles Ltd) as part of the demerger of the Commercial Vehicles Business. Effective October 1, 2025, Tata Motors Ltd changed its name to Tata Motors Passenger Vehicles Ltd, and TML Commercial Vehicles Ltd was renamed Tata Motors Ltd. The acquisition was made in off-market mode, and the acquirer is exempted from making an open offer under Regulation 10(1)(d)(ii) of SEBI (SAST) Regulations, 2011.
This is a procedural disclosure arising from an internal group restructuring rather than a new external transaction — there is no change in ultimate beneficial ownership for ACGL shareholders, and no open offer obligation has been triggered.