TMCVNSETATA MOTORS LIMITED· Agricultural Commercial & Construction VehiclesMediumNeutral

Announced Wed, 9 Sept, 2026 · 23:12 IST

Tata Motors sends NCLT-ordered notices for merger of two wholly-owned subsidiaries

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

TMCV · 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

-1.1%Reaction day

₹443.90

prior close

₹444.00

announcement price

After-mkt

timing

Nifty 100market+0.1%-1.2% vs market

Agricultural Commercial & Construction Vehicles peers, median of 10sector · industry level-1.3%+0.1% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty 100 and 0.1 pts more than its Agricultural Commercial & Construction 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

-0.1

10m

-0.1

15m

-0.3

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+0.1-1.2-1.3+0.1

Next day

-2.2-0.3-1.9-1.4-0.9

-3.9-1.8-2.2-4.2+0.3

-4.3-1.4-2.9-4.4+0.2

-1.7-1.0-0.7-3.6+2.0

-0.6-0.5-0.0-2.5+2.0

-1.1-0.6-0.5-1.2+0.0

15d

-4.0-4.0-0.0-4.3+0.3

-9.3-4.9-4.4-7.7-1.6

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UpDownMarket · Nifty 100Sector · Agricultural Commercial & Construction Vehicles peers, median of 10Pending

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

AI summary

Tata Motors is merging two of its wholly-owned subsidiaries, TMF Holdings and TMF Business Services, into itself under a Composite Scheme of Amalgamation. Following an NCLT Mumbai Bench order dated September 2, 2026, notices are being sent to equity shareholders, secured and unsecured creditors (including debenture holders) under Sections 230-232 of the Companies Act, 2013. Shareholder and creditor meetings have been dispensed with, but parties can still submit representations on the scheme. This is an internal corporate restructuring with no external counterparty involved.

Likely market impact

Internal restructuring between Tata Motors and its fully owned subsidiaries. No material impact on minority shareholders since both merging entities are already wholly owned.