Tata Motors Demerger: Latest updates on TMLCV share allotment and listing

Tata Motors Demerger: Tata Motors Passenger Vehicles Limited (TMPVL) has provided shareholders with an update on the allotment and upcoming listing of shares of Tata Motors Commercial Vehicles Limited (TMLCV), the demerged entity of Tata Motors, following the demerger effective from October 1, 2025.

TMLCV Allotment Finalised

In a filing to stock exchanges, TMPVL said that 3,68,23,31,373 equity shares of TMLCV have been allotted to eligible TMPVL shareholders. The allotment was made on a 1:1 ratio, meaning shareholders received one fully paid-up share of TMLCV for every one share held in TMPVL. The face value of each TMLCV share is Rs 2, and the record date for eligibility was October 14, 2025.

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TMPVL noted in its filing "The Committee of the Board of Directors of the Company on October 15, 2025, allotted 3,68,23,31,373 fully paid-up equity shares of the Company of face value Rs 2 each to the eligible shareholders of TMPVL as on the record date, in the ratio of 1:1."

The ISIN of Tata Motors Commercial Vehicles Limited is INE1TAE01010.

TMLCV Listing Update

On the listing of TMLCV shares, TMPVL said the company is in the process of listing its shares on the BSE and NSE, in compliance with SEBI regulations. The allotted shares will remain frozen in the depository system until the stock exchanges grant formal listing and trading permissions.

TMPVL further clarified the timeline for trading "The process of listing usually takes 45-60 days from the date of filing the necessary application with Stock Exchanges. Shareholders will be unable to trade these shares until trading permission is officially notified by the Stock Exchanges on their respective websites."

All relevant updates, documents, and details regarding the listing will be communicated to shareholders via email and will also be available on the websites of both TMPVL and TMLCV.