On Tuesday, the boards of Tata Motors Ltd., Tata Motors Finance Ltd. and Tata Capital Ltd. approved the merger of the two financial services companies into one.
In lieu of the merger, Tata Capital will issue equity shares to shareholders of Tata Motors Finance, the group said in a statement.
This would lead to Tata Motors holding a 4.7% equity stake in Tata Capital, as the auto manufacturer is the ultimate parent of Tata Motors Finan...
On Tuesday, the boards of Tata Motors Ltd., Tata Motors Finance Ltd. and Tata Capital Ltd. approved the merger of the two financial services companies into one. In lieu of the merger, Tata Capital will issue equity shares to shareholders of Tata Motors Finance, the group said in a statement. This would lead to Tata Motors holding a 4.7% equity stake in Tata Capital, as the auto manufacturer is the ultimate parent of Tata Motors Finan...
