This person played a special role in the demerger plan of Tata Motors, know who he is?:This person played a special role in the demerger plan of Tata Motors, know who he is?

Tata Motors, one of the country's largest auto manufacturing companies, is soon going to be converted into two listed companies. According to Mint, PB Balaji, the group chief financial officer of Tata Motors, has emerged as a key figure in this demerger planning.

According to the report, Balaji may be appointed as the executive of both the entities to ensure better capital allocation. Under this demerger, two separate units will be created for commercial and passenger vehicles and this process is likely to be completed in the next 12-15 months.

According to the report, Balaji can also serve as the chairperson or vice-chairman of both the companies and can also handle the passenger vehicle business as the executive head.

Meanwhile, he has the support of Tata Sons chief N Chandrasekaran. However, no decision has been taken yet and the final decision depends on the board members of Tata Sons and Tata Motors.

According to the company's stock exchange filing, the board of Tata Motors in August approved the demerger of the commercial vehicle business into TML Commercial Vehicles Ltd. It also announced that the related investments would be made in commercial vehicle business including PV, EV, JLR and any other unit.

When the company first announced the plan in March, it had said that the demerger would be implemented through an NCLT Scheme of Arrangement and all shareholders of Tata Motors would continue to have equal shareholding in both the listed companies.