Tata Motors Demerger Live Updates
Follow the live updates on Tata Motors share price movement. The share of Tata Motors is currently trading at Rs 415, up by more than 4% over its discovered price of Rs 395.
Note that the commercial vehicle stock has not yet been listed on the bourses, which is a normal process that usually takes a few weeks.
According to an exchange filing on Oct. 9, Tata Motors has said that the listing of the commercial vehicle arm, which will be renamed Tata Motors Limited, could take as long as 60 days, with the company eyeing a mid-November timeline.
It is possible that Tata Motors shares on your portfolio might show a 40% drop, but there is no reason to panic, as this is the updated price of the Tata Motors Passenger Vehicle stock.
The Tata Motors consolidated stock, as we used to know it, ceases to exist.
Author's summary: Tata Motors demerger updates revealed.
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