News Topical, Digital Desk : The impact of Tata Motors' long-discussed demerger is now visible in investors' demat accounts. The company has separated its Commercial Vehicles (CV) unit and created a new listed company. Investors who previously held shares in Tata Motors have now received shares of the new CV business company, Tata Motors Commercial Vehicles Ltd (TMLCV), in a 1:1 ratio. These shares are currently not traded, but will soon be listed on the stock market under a separate ticker. This will allow both businesses - CV and PV (including EV and JLR) - to move on their own paths. A major announcement will be made on November 14th.
Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited ) has informed the stock exchange that its board meeting will be held on Friday, November 14, 2025.
Several important decisions are expected at this meeting. The company will present its September quarter (Q2FY26) results. The board will also review its financial performance for the half-year (H1FY26). Following the meeting, the company will hold a conference call with investors and analysts. The company's passenger vehicles unit has announced that its commercial vehicles subsidiary, formerly known as TML Commercial Vehicles Ltd., will now be known by the new name Tata Motors Ltd. This move is a key part of the company's restructuring and demerger process. Investors are now keenly watching the listing date of the new Tata Motors Commercial Vehicles shares, which is expected to be announced this month.
What did the investor get in the demerger? The most important thing for the investor - For every share of Tata Motors, you have got 1 share of TMLCV. That means those who had 100 shares, now they have 100 PV + 100 CV i.e. total 200 shares. There is no change in shareholding, it has just been divided into two different companies.
The company has clearly said - the share of all shareholders will remain the same in both the companies.
When were the shares received and why are they not being traded now - The record date was 14 October 2025. On 16 October 2025, the shares of CV company started appearing in the demat of the investors. But these shares are frozen now and cannot be traded. Why? According to the company, "Trading of shares is not possible until listing approval is received from the BSE and NSE. This process typically takes 45–60 days."
When will TMLCV shares be listed ? It is estimated that listing could occur in the last week of November or early December 2025. After listing, the shares will trade under a separate ticker. The good news for investors is that there is no payment or share surrender in this demerger: No cash payment, no share surrender , no dilution . Your ownership has been split, not reduced. According to the company, the business models, capital requirements, and market dynamics of both CV and PV are different, making it necessary to separate the two. Tata Sons Chairman N. Chandrasekaran said, "This demerger will give our business greater agility and strategic focus. This will unlock value for shareholders." Businesses included in PV company Passenger Vehicles Electric Vehicles (EV) Jaguar Land Rover (JLR) In CV company - Entire Commercial Vehicles unit (Trucks, Buses etc.) Record date: 14 October 2025 Same number of shares received: 1 Tata Motors share = 1 TMLCV share Credit in demat: 16 October 2025 Shares not trading: Until exchange approval Listing timeline: Late Nov – Early Dec 2025 Capital impact: Zero dilution, Zero cash outflow What does this mean for investors?
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