Latest news with #SchemeofArrangement
Edinburgh Reporter
23-05-2025
- Business
- Edinburgh Reporter
The Scotsman will have a new owner from next week
Regional publisher National World will be under new ownership from next week after the takeover by Media Concierge cleared its final legal hurdles. The takeover – which valued the group at £65million – will take effect on Tuesday 27 May after being given approval by the High Court in London yesterday. It will mean historic regional newsbrands such as The Yorkshire Post, The Scotsman and Portsmouth daily The News will have their fourth owner in the space of just over five years. In a message to staff at the publisher, Media Concierge boss Malcolm Denmark pledged that as a privately-owned business rather than a public company accountable to shareholders, it would not be focused on 'short-term results.' Malcolm Denmark Mr Denmark, pictured, said: 'As we begin this new chapter together, I want to start by saying thank you. Thank you for your hard work, your professionalism, and your continued commitment to delivering trusted local journalism. 'We know that the recent period, as the process of acquiring the business unfolded, brought a degree of uncertainty—but your focus and resilience have ensured that the work has gone on, and that does not go unnoticed. 'Our company, Media Concierge, has been a strong supporter of local and regional media for many years. In fact, we were the first and largest investor in National World. 'From the outset, we believed in the vision of building a sustainable and independent news business that serves communities across the UK. That belief has not changed. 'Now, as we move from investor to owner, our approach is straightforward. We want to support you in doing what you already do so well. You know your audiences, your titles, and your communities. The most important thing we can do right now is to give you the space and confidence to carry on—business as usual. 'This change of ownership also means National World will become a privately owned, independent business. We are a family-owned company, and that gives us a different perspective. We are not focused on short-term results. We take a longer-term view, built on relationships—whether with our teams, our readers, or our customers. 'In the weeks ahead, we will be reaching out to introduce ourselves and start the conversation. We're keen to listen, to understand what's working well, and to hear any thoughts you may have as we settle in. Our aim is to support you in the most practical and helpful way we can. 'We are excited about what lies ahead and confident that, together, we can build something of real and lasting value.' Earlier Mr Denmark had welcomed the decision of the High Court in London to approve the Scheme of Arrangement giving effect to its acquisition of National World. The takeover had already been approved by National World shareholders but had been awaiting final regulatory approval from the Irish government and the UK courts. Mr Denmark said: 'The formal approval of the transaction marks the final step in the process, and we are pleased to be moving forward. National World is home to some of the UK's most respected and long-established regional media, and we believe there is significant potential for growth and renewal with the right focus and investment. 'As a long-term investor in the business, and with extensive experience managing local and regional news brands in Ireland, we understand both the challenges and the value of high-quality, community-based journalism. 'We greatly appreciate the dedication and professionalism shown by National World's teams throughout this period. Their commitment has ensured the business remains on a strong operational footing. 'We now look forward to working together to support and strengthen the business in what we believe can be an exciting new chapter.' National World – headed by David Montgomery – was created after its purchase of the former Johnston Press/JPI Media titles for £10.2m in 2020. Mr Montgomery had hoped to remain in control of the company with the help of Chelsea owner Todd Boehly, but the latter pulled out of a potential rival bid for the company last week. This article was first published on Hold The Front Page here and is republished with the permission of Hold The Front Page a fellow member of the Independent Community News Network (ICNN). Paul Linford This author does not have any more posts. Like this: Like Related
News18
15-05-2025
- Automotive
- News18
Tata Motors Dividend 2025: Highest Ever Dividend In A Decade, Check AGM And Payment Dates
Last Updated: Tata Motors Dividend: Tata Motors Limited earlier announced several dividends. It announced a special dividend of Rs 3 per equity with ex-date on June 11, 2024. Tata Motors Final Dividend 2025: Tata Motors Limited (TML) has announced the final dividend of Rs 6 per equity share of Rs 2 each (300%) for the year ended March 31, 2025, along with its Q4 FY25 results. The Board of Directors has fixed Friday, June 20, 2025 as the date of the 80th Annual General Meeting ('AGM") of the Company. Tata Motors Dividend 2025 Payment Date The dividend, if declared at the AGM, will be paid to the eligible shareholders on or before June 24, 2025. Tata Motors Dividend History Tata Motors Limited earlier announced several dividends. It announced a special dividend of Rs 3 per equity with ex-date on June 11, 2024. Before that, it announced a final dividend of Rs 3 per equity for FY24. And a dividend of Rs 2 was announced for FY23. Tata Motors Demerger Tata Motors Limited's shareholders had approved the demerger proposal of separating the auto manufacturer into two listed entities – commercial vehicle and passenger vehicle. The resolution for the Composite Scheme of Arrangement was passed with the requisite majority, with a total of 2,730,875,858 votes polled. Out of these, 2,730,862,142 votes (99.9995%) were in favor, and 13,716 votes (0.0005%) were against. Shares entitlement ratio will be 1:1 as announced earlier. Tata Motors Limited's shareholders will receive one share of TMLCV of Rs 2 per share for every 1 share of TML being held. Tata Motors Share Price Tata Motors Limited's shares settled 1 per cent lower at Rs 700.20 apiece on Wednesday, against the previous day close at Rs 707.70 apiece. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: May 15, 2025, 08:46 IST
News18
11-05-2025
- Business
- News18
Raymond Realty Demerger Effective: Shareholders To Get 1:1 Allotment, Record Date This Week
Last Updated: Raymond Realty Demerger: Raymond's real estate arm is spinning off, effective from May 01, 2025. The board fixes record date for 1:1 share ratio for shareholders. Raymond Realty Demerger: Raymond's realty business under the name Raymond Realty Limited (RRL) is spinning off from Raymond Limited (RL). The demerger scheme became effective from May 01, 2025 after the Board of Directors passed the resolution on the same day. Now, shares of Raymond Realty Limited will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The National Company Law Tribunal (NCLT) approved the demerger scheme, followed by Raymond Limited's board passing the resolution last year. Raymond Realty Demerger Ratio As per Scheme of Arrangement, shareholders of Raymond will receive shares in the ratio of 1:1, meaning one share of Raymond Realty Limited for reach share they hold in Raymond Limited. Raymond Realty Demerger Record Date The board has also fixed the record date as Wednesday, May 14, 2025, for the purpose of determining the eligible shareholders of Demerged Company (RL) to whom the equity shares of the Resulting Company (RRL) would be allotted as part of Scheme of Arrangement. Raymond Group earlier spun off lifestyle and fashion business into a separated listed entity known as Raymond Lifestyle Ltd. As part of the demerger, shareholders of Raymond Ltd. received 4 shares of Raymond Lifestyle for every 5 shares they hold in Raymond Ltd. First Published: May 11, 2025, 14:22 IST
Yahoo
07-05-2025
- Business
- Yahoo
Osisko Reports Q1 2025 Results
Jason Attew, President & CEO of Osisko commented: 'Osisko's first quarter represented a good start for the Company in 2025 and serves as a solid base for Osisko to achieve its 2025 guidance range of 80,000 to 88,000 GEOs earned, especially considering that the Company's GEO deliveries are expected to sequentially improve quarter-by-quarter throughout the remainder of the year ahead. Declaration of a quarterly dividend of US$0.055 per common share, a 20% increase over the previous quarterly dividend, based on the foreign exchange rate (C$/US$) on the declaration date of the first quarter dividend. The dividend will be paid on July 15, 2025 to shareholders of record as of the close of business on June 30, 2025. Acquisition of a basket of royalties across various projects in British Columbia from Sable Resources Ltd. ('Sable Resources') for consideration of C$3.8 million, as well as certain rights in relation to the future acquisition of similar interests from Sable Resources; Declaration of a quarterly dividend of C$0.065 per common share paid on April 15, 2025 to shareholders of record as of the close of business on March 31, 2025. MONTRÉAL, May 07, 2025 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the ' Company ' or ' Osisko ') (OR: TSX & NYSE) today announced its consolidated financial results for the first quarter of 2025. Amounts presented are in United States dollars, except where otherwise noted. Story Continues Looking ahead over the next few months, there are several upcoming catalysts to watch out for, including, but not limited to, Osisko Development's project financing initiatives on the back of last week's Optimized Feasibility Study results for the fully-permitted Cariboo gold project; a new life-of-mine plan at Alamos Gold's Island Gold District; and finally, the anticipated Implementation of the Scheme of Arrangement between Spartan Resources and Ramelius Resources, which, if implemented, could accelerate first production from Dalgaranga to late 2025, a full year ahead of Osisko's expectations when we acquired the Dalgaranga 1.8% gross smelter return royalty in late September of 2024.' Norman MacDonald, Board Chair of Osisko, also commented: 'Tomorrow's Annual and Special Meeting of Shareholders will mark the end of Joanne Ferstman's tenure as an Independent Director on Osisko's Board. Joanne has been on Osisko's Board of Directors from the very beginning, and, as such, both Board and Management would like to wholeheartedly thank Joanne for her many years of leadership, guidance and service. Her attention to detail and dedication to realizing the Company's strategic vision, amongst her many other skills, will be missed. We would also like to wish Joanne all the best in her future endeavours.' Q1 2025 RESULTS CONFERENCE AND WEBCAST CALL DETAILS Conference Call: Thursday, May 8th, 2025 at 10:00 am ET Dial-in Numbers: (Option 1) North American Toll-Free: 1 (800) 717-1738 Local – Montreal: 1 (514) 400-3792 Local – Toronto: 1 (289) 514-5100 Local – New York: 1 (646) 307-1865 Conference ID: 33088 Webcast link: (Option 2) Replay (available until Sunday, June 8th, at 11:59 PM ET): North American Toll-Free: 1 (888) 660-6264 Local – Toronto: 1 (289) 819-1325 Local – New York: 1 (646) 517-3975 Playback Passcode: 33088# Replay also available on our website at Annual and Special Meeting of Shareholders The Company's 2025 Annual and Special Meeting of shareholders will be held on May 8, 2025 in Montréal, Québec. Qualified Person The scientific and technical content of this news release has been reviewed and approved by Guy Desharnais, Ph.D., Vice President, Project Evaluation at Osisko Gold Royalties Ltd, who is a 'qualified person' as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101'). About Osisko Gold Royalties Ltd Osisko Gold Royalties Ltd is an intermediate precious metal royalty company which holds a North American focused portfolio of over 195 royalties, streams and precious metal offtakes, including 21 producing assets. Osisko's portfolio is anchored by its cornerstone asset, a 3-5% net smelter return royalty on the Canadian Malartic Complex, home to one of Canada's largest gold mines. Osisko's head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2. For further information, please contact Osisko Gold Royalties Ltd: Grant Moenting Vice President, Capital Markets Tel: (514) 940-0670 x116 Cell: (365) 275-1954 Email: gmoenting@ Heather Taylor Vice President, Sustainability and Communications Tel: (514) 940-0670 x105 Email: htaylor@ Notes: (1) Gold Equivalent Ounces GEOs are calculated on a quarterly basis and include royalties and streams. Silver ounces and copper tonnes earned from royalty and stream agreements are converted to gold equivalent ounces by multiplying the silver ounces or copper tonnes by the average silver price per ounce or copper price per tonne for the period and dividing by the average gold price per ounce for the period. Diamonds, other metals and cash royalties are converted into gold equivalent ounces by dividing the associated revenue by the average gold price per ounce for the period. Average Metal Prices and Exchange Rate Three months ended March 31, 2025 2024 Gold (i) $ 2,860 $ 2,070 Silver (ii) $ 31.88 $ 23.34 Copper (iii) $ 9,340 $ 8,438 Exchange rate (C$/US$) (iv) 0.6968 0.7415 (i) The average price represents the London Bullion Market Association's PM price in U.S. dollars per ounce. (ii) The average price represents the London Bullion Market Association's price in U.S. dollars per ounce. (iii) The average price represents the London Metal Exchange's price in U.S. dollars per tonne. (iv) Bank of Canada daily rate. (2) Three months ended March 31, 2024 ('Q1 2024'). (3) Non-IFRS Measures Cash margin Cash margin in dollars and in percentage of revenues are non-IFRS financial measures. Cash margin (in dollars) is defined by Osisko as revenues less cost of sales (excluding depletion). Cash margin (in percentage of revenues) is obtained from the cash margin (in dollars) divided by revenues. Management uses cash margin in dollars and in percentage of revenues to evaluate Osisko's ability to generate positive cash flow from its royalty, stream and other interests. Management and certain investors also use this information, together with measures determined in accordance with IFRS Accounting Standards such as gross margin and operating cash flows, to evaluate Osisko's performance relative to peers in the mining industry who present these measures on a similar basis. Cash margin in dollars and in percentage of revenues are only intended to provide additional information to investors and analysts and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. They do not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers. A reconciliation of the cash margin per type of interests (in thousands of dollars and in percentage of revenues) is presented below: Three months ended March 31, 2025 2024 $ $ Royalty interests Revenues 36,790 33,029 Less: cost of sales (excluding depletion) (145 ) (78 ) Cash margin (in dollars) 36,645 32,951 Depletion (2,710 ) (4,104 ) Gross profit 33,935 28,847 Stream interests Revenues 18,126 12,018 Less: cost of sales (excluding depletion) (1,474 ) (1,281 ) Cash margin (in dollars) 16,652 10,737 Depletion (5,034 ) (4,442 ) Gross profit 11,618 6,295 Royalty and stream interests Total cash margin (in dollars) 53,297 43,688 Divided by: total revenues 54,916 45,047 Cash margin (in percentage of revenues) 97.1 % 97.0 % Total – Gross profit 45,553 35,142 Adjusted earnings and adjusted earnings per basic share Adjusted earnings and adjusted earnings per basic share are non-IFRS financial measures and are defined by Osisko by excluding the following items from net earnings (loss) and earnings (loss) per share: foreign exchange gains (losses), impairment charges and reversal related to royalty, stream and other interests, changes in allowance for expected credit losses, write-offs and impairment of investments, gains (losses) on disposal of assets, gains (losses) on investments, share of income (loss) of associates, transaction costs and other items such as non-cash gains (losses), as well as the impact of income taxes on these items. Adjusted earnings per basic share is obtained from the adjusted earnings divided by the weighted average number of common shares outstanding for the period. Management uses adjusted earnings and adjusted earnings per basic share to evaluate the underlying operating performance of Osisko as a whole for the reporting periods presented, to assist with the planning and forecasting of future operating results, and to supplement information in its consolidated financial statements. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as net earnings (loss) and net earnings (loss) per basic share, investors and analysts use adjusted earnings and adjusted earnings per basic share to evaluate the results of the underlying business of Osisko, particularly since the excluded items are typically not included in Osisko's annual guidance. While the adjustments to net earnings (loss) and net earnings (loss) per basic share in these measures include items that are both recurring and non-recurring, management believes that adjusted earnings and adjusted net earnings per basic share are useful measures of Osisko's performance because they adjust for items which may not relate to or have a disproportionate effect on the period in which they are recognized, impact the comparability of the core operating results from period to period, are not always reflective of the underlying operating performance of the business and/or are not necessarily indicative of future operating results. Adjusted net earnings and adjusted net earnings per basic share are intended to provide additional information to investors and analysts and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. They do not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers. A reconciliation of net earnings to adjusted net earnings is presented below: Three months ended March 31, 2025 2024 (in thousands of dollars, except per share amounts) $ $ Net earnings 25,640 11,169 Adjustments: Foreign exchange (gain) loss (160 ) 2,411 Share of loss of associates 3,752 10,053 Changes in allowance for expected credit losses and write-offs - (1,399 ) Loss (gain) on investments 286 (388 ) Tax impact of adjustments (41 ) 136 Adjusted earnings 29,477 22,032 Weighted average number of common shares outstanding (000's) 186,979 185,761 Adjusted earnings per basic share 0.16 0.12 Forward-Looking Statements Certain statements contained in this press release may be deemed 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking statements are statements other than statements of historical fact, that address, without limitation, future events, that Osisko will meet its guidance estimate, that development and milestones to be achieved by operators of the properties in which the Company holds interest will be achieved in a timely manner. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential', 'scheduled' and similar expressions or variations (including negative variations), or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, most of which are beyond the control of Osisko, and actual results may accordingly differ materially from those in forward-looking statements. Such risk factors include, without limitation, (i) with respect to properties in which Osisko holds a royalty, stream or other interest; risks related to: (a) the operators of the properties, (b) timely development, permitting, construction, commencement of production, ramp-up (including operating and technical challenges), (c) differences in rate and timing of production from resource estimates or production forecasts by operators, (d) differences in conversion rate from resources to reserves and ability to replace resources, (e) the unfavorable outcome of any challenges or litigation relating title, permit or license, (f) hazards and uncertainty associated with the business of exploring, development and mining including, but not limited to unusual or unexpected geological and metallurgical conditions, slope failures or cave-ins, flooding and other natural disasters or civil unrest or other uninsured risks, (ii) with respect to other external factors: (a) fluctuations in the prices of the commodities that drive royalties, streams, offtakes and investments held by Osisko, (b) a trade war or new tariff barriers, (c) fluctuations in the value of the Canadian dollar relative to the U.S. dollar, (d) regulatory changes by national and local governments, including permitting and licensing regimes and taxation policies, regulations and political or economic developments in any of the countries where properties in which Osisko holds a royalty, stream or other interest are located or through which they are held, (e) continued availability of capital and financing and general economic, market or business conditions, and (f) responses of relevant governments to infectious diseases outbreaks and the effectiveness of such response and the potential impact of such outbreaks on Osisko's business, operations and financial condition; (iii) with respect to internal factors: (a) business opportunities that may or not become available to, or are pursued by Osisko, (b) the integration of acquired assets or (c) the determination of Osisko's PFIC status (d) that preliminary financial information may be subject to quarter end adjustments. The forward-looking statements contained in this press release are based upon assumptions management believes to be reasonable, including, without limitation: the absence of significant change in Osisko's ongoing income and assets relating to determination of its PFIC status, and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended and, with respect to properties in which Osisko holds a royalty, stream or other interest, (i) the ongoing operation of the properties by the owners or operators of such properties in a manner consistent with past practice and with public disclosure (including forecast of production), (ii) the accuracy of public statements and disclosures made by the owners or operators of such underlying properties (including expectations for the development of underlying properties that are not yet in production), (iii) no adverse development in respect of any significant property, (iv) that statements and estimates relating to mineral reserves and resources by owners and operators are accurate and (v) the implementation of an adequate plan for integration of acquired assets. For additional information on risks, uncertainties and assumptions, please refer to the most recent Annual Information Form of Osisko filed on SEDAR+ at and EDGAR at which also provides additional general assumptions in connection with these statements. Osisko cautions that the foregoing list of risk and uncertainties is not exhaustive. Investors and others should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Osisko believes that the assumptions reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be accurate as actual results and prospective events could materially differ from those anticipated such the forward-looking statements and such forward-looking statements included in this press release are not guarantee of future performance and should not be unduly relied upon. In this press release, Osisko relies on information publicly disclosed by other issuers and third parties pertaining to its assets and, therefore, assumes no liability for such third-party public disclosure. These statements speak only as of the date of this press release. Osisko undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by applicable law. Osisko Gold Royalties Ltd Consolidated Balance Sheets As at March 31, 2025 and December 31, 2024 (Unaudited) (tabular amounts expressed in thousands of United States dollars) March 31, December 31, 2025 2024 $ $ Assets Current assets Cash 63,070 59,096 Amounts receivable 2,773 3,106 Other assets 1,511 1,612 67,354 63,814 Non-current assets Investments in associates 40,086 43,262 Other investments 85,403 74,043 Royalty, stream and other interests 1,112,393 1,113,855 Goodwill 77,353 77,284 Other assets 6,140 5,376 1,388,729 1,377,634 Liabilities Current liabilities Accounts payable and accrued liabilities 3,923 5,331 Dividends payable 8,457 8,433 Lease liabilities 1,132 852 13,512 14,616 Non-current liabilities Lease liabilities 4,539 3,931 Long-term debt 74,346 93,900 Deferred income taxes 82,438 76,234 174,835 188,681 Equity Share capital 1,680,514 1,675,940 Contributed surplus 65,003 63,567 Accumulated other comprehensive loss (139,637 ) (141,841 ) Deficit (391,986 ) (408,713 ) 1,213,894 1,188,953 1,388,729 1,377,634 Osisko Gold Royalties Ltd Consolidated Statements of Income For the three months ended March 31, 2025 and 2024 (Unaudited) (tabular amounts expressed in thousands of United States dollars, except per share amounts) 2025 2024 $ $ (restated) Revenues 54,916 45,047 Cost of sales (1,619 ) (1,359 ) Depletion (7,744 ) (8,546 ) Gross profit 45,553 35,142 Other operating expenses General and administrative (4,959 ) (4,544 ) Business development (2,079 ) (1,011 ) Operating income 38,515 29,587 Interest income 598 934 Finance costs (1,730 ) (2,767 ) Foreign exchange gain (loss) 160 (2,411 ) Share of loss of associates (3,752 ) (10,053 ) Other (losses) gains, net (286 ) 1,737 Earnings before income taxes 33,505 17,027 Income tax expense (7,865 ) (5,858 ) Net earnings 25,640 11,169 Net earnings per share Basic and diluted 0.14 0.06 Osisko Gold Royalties Ltd Consolidated Statements of Cash Flows For the three months ended March 31, 2025 and 2024 (Unaudited) (tabular amounts expressed in thousands of United States dollars) 2025 2024 $ $ (restated) Operating activities Net earnings 25,640 11,169 Adjustments for: Share-based compensation 2,089 1,567 Depletion and amortization 8,032 8,790 Changes in expected credit loss of other investments - (1,399 ) Share of loss of associates 3,752 10,053 Change in fair value of financial assets at fair value through profit and loss 286 (338 ) Foreign exchange (gain) loss (92 ) 2,437 Deferred income tax expense 7,242 5,463 Other 104 116 Net cash flows provided by operating activities before changes in non-cash working capital items 47,053 37,858 Changes in non-cash working capital items (974 ) (496 ) Net cash flows provided by operating activities 46,079 37,362 Investing activities Acquisitions of short-term investments - (667 ) Acquisitions of investments (11,364 ) - Proceeds from disposal of investments - 3,847 Acquisitions of royalty and stream interests (5,285 ) - Other (17 ) (3 ) Net cash flows (used in) provided by investing activities (16,666 ) 3,177 Financing activities Increase in long-term debt 10,437 - Repayment of long-term debt (30,000 ) (32,394 ) Exercise of share options and shares issued under the share purchase plan 2,587 3,609 Dividends paid (7,610 ) (7,680 ) Withholding taxes on settlement of restricted and deferred share units (653 ) (2,204 ) Other (210 ) (288 ) Net cash flows used in financing activities (25,449 ) (38,957 ) Increase in cash before effects of exchange rate changes 3,964 1,582 Effects of exchange rate changes on cash 10 (682 ) Net increase in cash 3,974 900 Cash – beginning of period 59,096 51,204 Cash – end of period 63,070 52,104
News18
07-05-2025
- Automotive
- News18
Tata Motors Demerger: Shareholders Give Green Signal; What's Next? Check Ratio And Effective Date
Last Updated: Tata Motors Demerger Update: Shareholders of Tata Motors approved the demerger proposal with a majority vote. What's next for investors? Tata Motors Demerger Meeting: Shareholders approved the proposal, check ratio and other details. Tata Motors Demerger: Tata Motors' shareholders on Tuesday approved the demerger proposal of separating the auto manufacturer into two listed entities – commercial vehicle and passenger vehicle. The resolution for the Composite Scheme of Arrangement was passed with the requisite majority, with a total of 2,730,875,858 votes polled. Out of these, 2,730,862,142 votes (99.9995%) were in favor, and 13,716 votes (0.0005%) were against. With shareholders' approval, the way for the demerger of the company has been cleared. On Wednesday, investors welcomed the move as shares gained 4 per cent to become the top gainer of Nifty 50 index. But there's a question among investors about what will happen next and when it will become effective. Let's know more about it. Tata Motors Demerger Plan Details 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. 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. 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. Tata Motors Demerger Effective Date Tata Motors in Q3FY25 investor presentation informed that the company is expected to implement the demerger between October and December 2025. First Published: May 07, 2025, 16:44 IST
