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Updated on 11 Nov 2025, 03:38 am
Reviewed By
Simar Singh | Whalesbook News Team
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Shares of Tata Motors Commercial Vehicle (TMCV) are gearing up for their stock market debut following a demerger. The company has announced that trading for TMCV will commence on November 12th at 10 AM on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Each share of the demerged commercial vehicle entity carries a face value of Rs 2. For the first 10 trading sessions post-listing, these shares will be admitted for trading under the T Group of Securities, also known as the trade-to-trade (T2T) segment. The demerger process, which became effective on October 1, 2025, had a record date of October 14, 2025. The demerger ratio was set at 1:1, meaning eligible shareholders of Tata Motors PV received one share of TMCV for each share they held. Following the record date, the share price of Tata Motors saw an adjustment, settling at Rs 399 on BSE and Rs 400 on NSE.
Impact This demerger and subsequent listing are expected to unlock value by creating distinct entities for different business verticals, potentially leading to better focus and strategic growth. Investors will closely watch the performance of the demerged commercial vehicle business. Rating: 7/10
Definitions: * Demerger: A demerger is a corporate restructuring process where a company splits into two or more independent companies. This often involves separating different business units into separate entities, which can then be listed on the stock market. The aim is usually to unlock shareholder value by allowing each unit to focus on its specific market and strategy. * T Group of Securities (T2T segment): This is a segment on stock exchanges where shares are traded on a compulsory delivery basis, meaning no intraday squaring off is allowed. Trades in this segment must be settled by actual delivery of shares. It is often applied to newly listed shares or shares with high volatility to curb speculative trading.