Tata Motors CV business set to list today — Here's what to expect

The demerged Commercial Vehicles (CV) business of Tata Motors Ltd

. is set to list on the bourses on Wednesday, November 12. The demerged entity will begin trading as Tata Motors Ltd.

After securing approvals from the exchanges, Bombay Stock Exchange and the National Stock Exchange, Tata Motors had informed in an exchange filing earlier this week that its CV business will list on Wednesday.

The listing comes a month after its currently listed entity began trading ex-the commercial vehicles business. The listed entity now trades as Tata Motors Passenger Vehicles Ltd.

Tata Motors Passenger Vehicles Ltd. shares began trading on the bourses after a special pre-open price discovery session at ₹400 per share. A month after trading as an independent entity, the stock continues to trade around its listing price of ₹400 per share.

Before the demerger record date, Tata Motors' consolidated entity had stopped trading at ₹660 per share. With the PV business having listed at ₹400, the intrinsic value left for the CV business comes up to ₹260 per share. However, the listing price may differ from these levels.

Tata Motors CV will be India's largest commercial vehicle manufacturer having a presence across segments ranging from small cargo vehicles to M&HCVs as well. The demerged entity will also include the recently acquired Iveco Group NV, whose integration is likely to be completed by financial year 2027.

Tata Motors had announced the demerger of its CV business into a separate listed entity back in 2023. Those who had shares of Tata Motors as of the demerger record date were eligible to receive one share of the CV business for every one share held.

The PV business of Tata Motors is also set to announce results for the September quarter on Friday, November 14.

Shares of Tata Motors Passenger Vehicles ended 0.6% lower on Friday at ₹408.1.