Overview
- Shares opened at Rs 335 on the NSE and Rs 330.25 on the BSE, roughly 26%–28% above the implied pre-demerger value near Rs 260–261.
- The new stock enters the trade-for-trade segment for the first 10 sessions with 5% circuit limits, with about 368 crore shares of face value Rs 2 admitted to trading.
- The completed split creates two separately listed firms, with the passenger-vehicle, EV and JLR operations in Tata Motors Passenger Vehicles Ltd and the commercial-vehicle business in the re-named Tata Motors Ltd.
- Shareholders received one CV share for every Tata Motors share held as of the October 14 record date, a tax-neutral allotment at crediting under the demerger scheme.
- FY25 CV standalone revenue was about Rs 75,055 crore with EBITDA of Rs 8,856 crore (11.8% margin), as analysts flag medium-term value unlocking, near-term listing volatility, TMPV’s November 14 results, and the multi-year Iveco integration toward FY27.