Tata Motors' board approved the demerger of its business into two entities: commercial vehicles and passenger vehicle business. This follows the earlier subsidiarization of PV and EV businesses. The move aims to empower businesses for higher growth, agility, and accountability. The demerger will be implemented through an NCLT scheme, requiring approvals from the board, shareholders, creditors, and regulators.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.