Latest news with #TataMotorsDemerger
News18
2 days ago
- Automotive
- News18
Tata Motors Final Dividend 2025 Record Date: Only 2 Days For Ex-Date, Check Payment Date
If approved at the AGM, the dividend will be paid to eligible shareholders on or before June 24, 2025. Tata Motors Dividend History Tata Motors Limited has previously declared several dividends. They announced a special dividend of Rs 3 per equity share with an ex-date of June 11,2024. Prior to that, they declared a final dividend of Rs 3 per equity share for FY24 and a dividend of Rs 2 for FY24. Tata Motors Demerger Shareholders of Tata Motors Limited approved the demerger plan, separating the company into two listed entities: commercial vehicles and passenger vehicles. The resolution for the Composite Scheme of Arrangement was passed with the required majority, with 2,730,875,858 votes cast. Of these, 2,730,862,142 votes (99.9995%) were in favor, and 13,716 votes (0.0005%) were against. The share entitlement ratio will be 1:1, meaning shareholders will receive one share of TMLCV worth Rs 2 per share for every share of TML they hold.
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
