Tata Motors Rally After Demerger Announcement: All You Need To Know | Buy, Sell Or Hold?
Автор: ET Now
Загружено: 2024-03-05
Просмотров: 754
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Shares of Tata Motors rallied nearly 8% on 5th March after company’s board a demerger of its passenger vehicle and commercial vehicle businesses on 4th March. The two segments will now split into two separate entities. The move is aimed at tapping synergies and delivering higher growth. As per the company, all shareholders would continue to hold identical shareholdings in both listed entities. Brokerages like JP Morgan and Morgan Stanley are bullish on the stock.
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