Commercial Vehicles business split transfers holdings to TMLCV

Core Business DivestedNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

TMPV · price

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Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹715.85

prior close

₹718.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.7%-1.1% vs market

Passenger Cars & Utility Vehicles peers, median of 6sector-0.3%-0.1% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty 100 and 0.1 pts less than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.0

15m

-1.3

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4+0.7-1.1-0.3-0.1

Next day

-2.5+0.8-3.3-1.4-1.1

-5.0+0.5-5.4-1.6-3.4

-4.4+1.0-5.4-1.9-2.5

-5.1+1.4-6.5-1.6-3.5

-7.2+1.2-8.4-3.5-3.7

-45.3+1.6-46.9-2.2-43.0

15d

-42.4+3.7-46.1-2.6-39.8

-43.0+2.3-45.3-1.9-41.1

-51.4+3.3-54.7-3.4-48.0

-48.5+4.8-53.4+2.9-51.4

UpDownMarket · Nifty 100Sector · Passenger Cars & Utility Vehicles peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The scheme separating Tata Motors' Commercial Vehicles business is now effective. TMLCV receives 100% stakes in 15 wholly owned subsidiaries, stakes of 39.99% to 49.77% in five associates, and 50% in two joint operations and two joint ventures. The National Company Law Tribunal approved the scheme on August 25, 2025 and issued a rectification order on September 10.

Likely market impact

The transfer completes the planned business split and changes asset ownership. No valuation, cash consideration or earnings impact is disclosed in this filing.