Tata Motors Demerger Record Date: CV & PV Split Effective From Tomorrow; Check Share-Swap Ratio
By News18,Varun Yadav
Copyright news18
Tata Motors Demerger Record Date: The long-planned demerger of Tata Motors’ commercial vehicle (CV) and passenger vehicle (PV) businesses is going to become effective from tomorrow, i.e. October 1, 2025. According to the plan, Tata Motors Limited (TML) will split its Commercial Vehicle business, including all its assets, liabilities, employees, and related investments, into TMLCV. Meanwhile, the Passenger Vehicle business in TMPV will merge back into the existing listed entity TML.
The “effective date” is the date on which the demerger officially comes into effect, which means businesses, assets, liabilities, and employees are separated and function as independent businesses.
According to a regulatory filing on September 26, Girish Wagh will lead Tata Motors’ commercial vehicle entity, while Shailesh Chandra will head the passenger vehicle unit. Management says the move will let each business pursue its own strategy more nimbly, sharpen accountability, and unlock value for shareholders. The CV and PV franchises have different dynamics, capital needs and growth levers — separating them makes strategic sense.
When the Scheme takes effect, both TMLCV and TML will be renamed, resulting in two separate listed entities: 1) The Commercial Vehicle business and related investments under TML, and 2) The Passenger Vehicle business, including the Electric Vehicle (TPEM) business, JLR, and related investments, under TMPV.
Tata Motors Demerger Ratio
Shares entitlement ratio will be 1:1 as announced earlier. Tata Motors’ shareholders will receive one share of TMLCV of Rs 2 per share for every 1 share of TML being held.
Tata Motors Demerger Timeline
Let’s have a look at how Tata Motors Demerger Process Move:
August 01, 2024: Tata Motors’ board approved the Scheme of Arrangement (the demerger scheme).
March 25, 2025: The National Company Law Tribunal (NCLT), Mumbai Bench, ordered a shareholders’ meeting to consider the demerger.
March 28, 2025: It is fixed as cut-off date for determining shareholders eligible to vote on the demerger.
May 06, 2025: Shareholders gave the green nod to the demerger proposal.
October 01, 2025: Split to become effective from this date.
