Tata Motors Demerger: Commercial Vehicles arm to list on Nov 12 — symbol, timing, allotment ratio, and what to expect
Shares of Tata Motors’ commercial vehicles business will begin trading separately on NSE and BSE on Wednesday, November 12, under the name Tata Motors Ltd, with the symbol likely “TMCV.” The stock will be in BSE’s ‘T’ Group and trade-for-trade for 10 sessions. About 3.68 billion shares of ₹2 face value will be listed. Eligible shareholders received a 1:1 share allotment based on the October 14 record date.
