Under Chairman N Chandrasekaran, Tata Sons has been planning consolidation by halving the number of listed companies to nearly 15 from 29 to focus on investing in fewer but bigger entities that can ably compete in the marketplace. He had told ET in an interview in 2017 that he also wanted to bring down the … Read more
Shares of Tata Motors on Tuesday rallied 7.9% as investors pinned hopes on better value discovery from the proposed demerger of its passenger vehicle and commercial vehicle businesses. Both Morgan Stanley and JP Morgan gave overweight ratings on the Tata stock which hit a fresh 52-week high of Rs 1,065.60. The stock is, however, already … Read more
The board of Tata Motors on Monday approved demerging the operations of the company’s business into two separate entities, i.e., commercial vehicles and passenger vehicle business, a move aimed at delivering higher growths. All shareholders of Tata Motors would continue to hold the same identical shareholding in both the listed entities. “The demerger is a … Read more
