Tata Motors shareholders' give nod to hive-off PV biz into new entity By IANS | Published on Mon, Mar 8 2021 19:27 IST | 0 Views
Tata Motors to buy Marcopolo's stakes in bus, coach JV for Rs 99.96 cr. Image Source: IANS Mumbai, March 8 : Shareholders of Tata Motors have approved the hiving off of its passenger vehicles business into a separate entity. The shareholders on March 5, resolution for approving the scheme of arrangement between Tata Motors Limited (transferor company') and TML Business Analytics Services Limited (transferee company) and their respective shareholders under Section 230-232 of the Companies Act, 2013. In a regulatory filing on Monday, Tata Motors said that over 99.96 per cent of the total votes came in support of the resolution.