Tata Motors demerger complete; CV arm listing next after record date

Tata Motors completed its long-planned demerger, allotting one share of Tata Motors Commercial Vehicles Ltd (TMLCV) for each existing share held as of the October 14 record date. Market chatter pegs TMLCV’s implied value near ₹260 per share. Listing is expected by late October. Management said the split will unlock value and sharpen strategic focus between CV and PV businesses. Analysts project index inclusion benefits and stronger capital-allocation transparency once trading begins.