Tata Motors shareholders approve hiving off passenger vehicl

Tata Motors shareholders approve hiving off passenger vehicle business into new entity


Tata Motors shareholders approve hiving off passenger vehicle business into new entity
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Last Updated: Mar 08, 2021, 02:17 PM IST
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Synopsis
On March 5, the shareholders of the company voted to consider and approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd as a going concern on a slump sale basis for a lump sum consideration.
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Tata Motors on Monday said its shareholders have approved hiving off its passenger vehicles business into a separate entity.
On March 5, the shareholders of the company voted to consider and approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd as a going concern on a slump sale basis for a lump sum consideration.

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