| Re: Tata Motors to hive off passenger car business into a separate subsidiary
Tata Motors' passenger vehicles biz hive-off comes into effect. Quote: |
The hiving off and transfer of Tata Motors' entire passenger vehicle undertaking to Tata Motors Passenger Vehicles Ltd have come into effect
| Quote: |
In a regulatory filing, Tata Motors said its board at a meeting held on Saturday approved the settling of Rs 9,417 crore payable for the purchase of its passenger vehicle undertaking under the scheme by allotment of 941.7 crore equity shares of Rs 10 each in Tata Motors Passenger Vehicles Ltd to it.
| Quote: |
the entire passenger vehicle undertaking of the company stands transferred under the scheme to Tata Motors Passenger Vehicles Ltd
| Link
Last edited by volkman10 : 2nd January 2022 at 20:54.
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2nd January 2022, 20:51
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