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Tata Motors shareholders accept hiving off PV business into new entity

Tata Motors on Monday said that its shareholders have approved the hiving off the passenger vehicle (PV) business into a separate entity.
On March 5, the shareholders of the auto major had voted on a proposal to transfer the passenger vehicles unit to TML Business Analytics Services Ltd as a going concern.
TML Business Analytics will pay a lump sum for the transfer which will take place on a slump sale basis.
In a regulatory filing, Tata Motors said around 215.4 crore votes were polled of which around 215.3 crore were in favour of the resolution. This translates into 99.96 per cent of the votes, while 8.9 lakh votes (0.042 per cent) were against the proposal. In terms of public institutional shareholders, around 68.9 crore votes were polled with all of them in favour and none against the resolution. ....

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Tata Motors shareholders approve hiving off PV business into new entity

Read more about Tata Motors shareholders approve hiving off PV business into new entity on Business Standard. The company had said that its passenger vehicles business has been valued at Rs 9,417 crore ....

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Tata Motors gets shareholders' nod to hive off PV business into new entity

Tata Motors gets shareholders nod to hive off PV business into new entity
Of the total 215.41 crore votes polled, 215.32 crore, or 99.958 per cent, were in favour of the resolution, Tata Motors said.
BusinessToday.In | March 8, 2021 | Updated 19:30 IST
Last year, the company s board had approved a plan to subsidiarise its passenger vehicles business into a separate subsidiary through a scheme of arrangement.
Tata Motors Ltd has received its shareholders approval to hive off its passenger vehicle business into a separate subsidiary.
The company s shareholders voted on March 5 to consider and approve transfer of its 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 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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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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Tata Motors shareholders give nod to hive off PV biz into new entity

Tata Motors shareholders give nod to hive off PV biz into new entity
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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