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Tata Motors Limited ( (IN:TATAMOTORS) ) just unveiled an update.
Tata Motors Limited has announced the allotment of over 368 crore equity shares to its shareholders as part of a Composite Scheme of Arrangement involving its subsidiaries, TML Commercial Vehicles Limited and Tata Motors Passenger Vehicles Limited. This move results in TMLCV no longer being a wholly owned subsidiary of Tata Motors, and the company plans to list these shares on major stock exchanges, potentially impacting its market positioning and shareholder value.
More about Tata Motors Limited
Tata Motors Limited is a prominent player in the automotive industry, known for manufacturing a wide range of vehicles, including commercial and passenger vehicles. The company focuses on delivering innovative and sustainable mobility solutions, catering to diverse market needs globally.
Average Trading Volume: 1,025,692
Technical Sentiment Signal: Hold
Current Market Cap: 2433.7B INR
Learn more about TATAMOTORS stock on TipRanks’ Stock Analysis page.