Tata Motors demerger effective; one-for-one share entitlement

Demerger ratio announcedScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

TMPV · price

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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

-0.8%Reaction day

₹684.40

prior close

₹684.80

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.4%-1.2% vs market

Passenger Cars & Utility Vehicles peers, median of 6sector+1.1%-1.9% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty 100 and 1.9 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

-0.4

10m

-0.2

15m

-0.5

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.4-1.2+1.1-1.9

Next day

-3.0+0.2-3.1+0.2-3.2

-42.3-0.2-42.1+0.1-42.3

-42.7+0.6-43.4+1.0-43.8

-42.1+1.6-43.6+0.4-42.5

-42.1+2.0-44.0+0.4-42.5

-41.4+2.5-43.9-0.1-41.3

15d

-39.0+2.4-41.4-0.1-38.9

-40.0+1.6-41.6-2.3-37.7

-50.0+1.7-51.6-1.8-48.1

-48.8+2.1-50.8-0.4-48.4

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 split became effective on October 1, 2025. Tata Motors becomes Tata Motors Passenger Vehicles, covering cars, EVs and JLR. Its commercial vehicle business moves to TML Commercial Vehicles, which will be renamed Tata Motors. Eligible shareholders as of October 14, 2025 will receive one INR 2 TML Commercial Vehicles share per Tata Motors share. Listing on BSE and NSE takes 45 to 60 days after filing the exchange applications.

Likely market impact

Shareholders get one commercial vehicle share per Tata Motors share. The listed company will now focus on passenger vehicles, changing its business mix.