Overview

• Monday is the final session to trade Tata Motors as a combined entity, with a special NSE pre-open set for Oct 14 from 9–10 a.m.
• Shareholders on record on Oct 14 will automatically receive one share of the commercial-vehicle company for each Tata Motors share held.
• TML Commercial Vehicles shares will be allotted and then listed on BSE and NSE after regulatory clearances, a process reported to take roughly 45–60 days.
• The allotted commercial-vehicle shares will remain non-tradeable until listing, creating a temporary illiquidity window for investors.
• Company disclosures note a ₹2,300 crore transfer of NCDs to the commercial-vehicle unit, while media reports offer conflicting accounts of post-demerger renaming that remain to be clarified.