Tata Motors Commercial Vehicles debuts with 28% premium on NSE
What's the story
Tata Motors Commercial Vehicles Ltd (TMCVL) has made its stock market debut at ₹335 per share on the National Stock Exchange (NSE). This is a premium of 28.48% over its implied value of ₹260.75 per share. The listing marks a major milestone in the Tata Group automaker's demerger process, which officially came into effect on October 1, 2025.
Share distribution
Tata Motors demerger details
Under the demerger scheme, shareholders were allotted one share of TMCVL for every Tata Motors share they held on the record date of October 14, 2025. After this restructuring, Tata Motors' Commercial Vehicles (CV) business was renamed as Tata Motors Commercial Vehicles Ltd while its Passenger Vehicles (PV), Electric Vehicles (EVs), and Jaguar Land Rover (JLR) businesses were consolidated under Tata Motors Passenger Vehicles Ltd (TMPV).
Trading details
Stock to remain in trade-for-trade segment for first 10 sessions
As per a BSE notice, over 368 crore equity shares with a face value of ₹2 each will be admitted for trading under the 'TMCVL' ticker in the 'T' Group of Securities. To ensure smooth price discovery, the stock will remain in the trade-for-trade segment for its first 10 sessions. This means investors can buy these shares only if they intend to take delivery initially as intraday trading won't be allowed.