Cost of acquisition split after Tata Motors demerger: PV 68.85%, CV 31.15%

Demerger ratio announcedCore business divestedScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.1%Reaction day

₹402.30

prior close

₹404.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.0%-1.1% vs market

Passenger Cars & Utility Vehicles peers, median of 6sector-0.6%-0.5% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty 100 and 0.5 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

-1.1

10m

-1.2

15m

-0.9

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+0.0-1.1-0.6-0.5

Next day

-2.3+0.1-2.4-0.7-1.6

-7.4+0.5-7.9-0.6-6.8

-7.8+0.1-7.8-0.6-7.2

-10.3+0.5-10.8-0.0-10.2

-10.6+1.0-11.5-1.7-8.9

-11.1-0.2-10.9-3.8-7.3

15d

-11.6+0.2-11.8-1.6-9.9

-13.9+0.2-14.1-3.8-10.1

-13.4-0.8-12.6-1.5-11.9

-6.0-1.5-4.5-7.1+1.1

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

Following the NCLT-sanctioned Composite Scheme of Arrangement (effective October 1, 2025), Tata Motors has been restructured into two listed entities. Shareholders must apportion their original cost of acquisition as follows: 68.85 percent to Tata Motors Passenger Vehicles Limited and 31.15 percent to Tata Motors Limited (formerly TML Commercial Vehicles). Share entitlement ratio is 1:1. Original TML now holds the passenger vehicles business, while the commercial vehicles business sits in the renamed TML entity.

Likely market impact

Shareholders must split original cost between new PV entity (68.85 percent) and CV entity (31.15 percent) for future tax calculations. The demerger is not treated as a transfer.