Nomura cited that Jaguar Land Rover’s (JLR) execution could lead to significant upsides for the stock. They added that the proposed demerger is expected to unlock value for Tata Motors’ commercial vehicle business. The company announced earlier that it will form two separate entities, one for the commercial vehicle business and another for passenger vehicles, including JLR.
In May, Tata Motors obtained shareholders’ approval for a scheme of arrangement that involves converting A-shares into ordinary shares. This move aims to simplify and consolidate the company’s capital structure and facilitate the demerger process.
(Source- Business Standard)
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