Tata Motors’ commercial vehicle arm debuts at 28 pc premium, shares fall over 3 pc post listing
Mumbai, Nov 12 – Tata Motors’ new commercial‑vehicle company hit the market Wednesday with a strong debut. The shares opened at ₹335 on the National Stock Exchange (NSE) and ₹330.25 on the Bombay Stock Exchange (BSE), giving the stocks a premium of about 26–28 % over their discovery price of roughly ₹260 each.
The first day was a mixed bag. After the surge, Tata Motors’ stock slipped a touch, falling about 3.5 % from its opening price to a low of ₹322.60 on the NSE. By mid‑morning, the shares were trading around ₹328‑₹329, a little below the auction result. For comparison, the separate passenger‑vehicle arm, now called Tata Motors Passenger Vehicles Ltd (TMPVL), traded at about ₹405, down 0.7 %.
This listing marks the end of the demerger that split Tata Motors into two independent, listed companies: Tata Motors Commercial Vehicles (TMCV) and Tata Motors Passenger Vehicles (TMPV). The demerger took effect on Oct 1, and the record‑keeping date for the new commercial‑vehicle shares was set for Oct 14. By doing so, the group aims to sharpen focus on each sector, improve operational flexibility and unlock value for shareholders.
Investors now watch closely to see whether the split helps both units grow faster in the competitive automotive market.
Source: ianslive
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