Tata Motors board approves scheme for separation of passenger vehicle and commercial vehicle businesses
As per the scheme, the existing Passenger Vehicle business in TMPV, will be merged into TML, the existing listed entity, the company said in a regulatory filing. File The Board of Directors of Tata Motors Ltd. (TML) on August 1 approved a Composite Scheme of Arrangement amongst TML, TML Commercial Vehicles Limited (TMLCV), Tata Motors…