Wednesday, November 13, 2024

Holdco to house Tata Motors' demerged CV, PV businesses

Tata Sons is restructuring Tata Motors by creating a holding company for its passenger and commercial vehicle businesses, which will be demerged into separate entities. This move aims to unlock value and enable independent capital raising for each business, with a potential listing of the electric passenger vehicle arm in the future.

from Auto-Industry-Economic Times https://ift.tt/7AdDCEV

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