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Board of Tata Motors approves demerger of commercial vehicle business, to list it as separate company

On August 1, Tata Motors Limited (TML) announced that its board of directors had approved a Composite Scheme of Arrangement amongst TML, TML Commercial Vehicles Limited (TMLCV), Tata Motors Passenger Vehicles Limited (TMPV), and their respective shareholders.
TML will demerge its commercial vehicle undertaking involv....

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