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    500570   INE155A01022

TATA MOTORS LIMITED

(500570)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-08-17
484.75 INR   -0.13%
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Tata Motors : INE155A01022 – Ordinary Shares IN9155A01020 – ‘A' Ordinary Shares Debt Securities on NSE & BSE

01/03/2022 | 05:39am EDT

BSE Limited

National Stock Exchange of India Limited

First Floor, New Trading Ring

Exchange Plaza, 5th Floor

Rotunda Building, PJ Towers

Plot No. C/1, G Block

Dalal Street, Fort

Bandra-Kurla Complex

Mumbai 400001

Bandra (East), Mumbai 400051

Kind Attn.: Mr. Khushro A. Bulsara

Kind Attn.: Mr. Lokesh Bhandari

General Manager & Head - Listing

Senior Manager

Listing Compliance & Legal Regulatory

Listing Department

January 1, 2022

Sc No.- 16613

Dear Sirs,

Ref: ISIN: INE155A01022 - Ordinary Shares

IN9155A01020 - 'A' Ordinary Shares

Debt Securities on NSE & BSE

Sub: Effective Date of the Scheme of arrangement between Tata Motors Limited ("Company") and TML Business Analytics Services Limited, presently known as Tata Motors Passenger Vehicles Limited ("Transferee Company") and their respective shareholders under Sections 230 to 232 of the Companies Act, 2013 ("Scheme")

This is in furtherance of our letter dated August 27, 2021 informing about the approval and sanction of the Scheme by the Honb'le National Company Law Tribunal, Mumbai Bench vide order dated August 24, 2021.

We are pleased to inform you that all the conditions required for effectiveness of the Scheme referred to in Clause 24 of the Scheme have been fulfilled and/or waived in accordance with the Scheme.

As an integral part of the Scheme, a portion of the securities premium account has been written down by adjusting against the accumulated losses of the Company to the extent of INR 11,173.59 crore as on January 1, 2022. Further, pursuant to the effectiveness of the Scheme, the Tata Motors Limited Employees Stock Option Scheme 2018 hereby stands amended.

In accordance with the Scheme, the Transferee Company has settled the purchase consideration of INR 9,417 crore payable for the purchase of Passenger Vehicle Undertaking under the Scheme by allotment of 941,70,00,000 equity shares of INR 10 each/- in the Transferee Company to the Company, as approved at its Board Meeting held today.

Accordingly, the Scheme is effective today, with 'Effective Date' being January 1, 2022. The Appointed Date as per the Scheme is the Effective Date. Therefore, the entire Passenger Vehicle Undertaking of the Company stands transferred under the Scheme to Tata Motors Passenger Vehicles Limited with effect from January 1, 2022.

This is for the information of the members and the Exchanges.

Yours faithfully,

Tata Motors Limited

Maloy Kumar Gupta

Company Secretary

Disclaimer

Tata Motors Limited published this content on 01 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2022 10:38:04 UTC.


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Financials
Sales 2023 3 440 B 43 166 M 43 166 M
Net income 2023 39 050 M 490 M 490 M
Net Debt 2023 724 B 9 080 M 9 080 M
P/E ratio 2023 32,7x
Yield 2023 0,01%
Capitalization 1 732 B 21 735 M 21 735 M
EV / Sales 2023 0,71x
EV / Sales 2024 0,58x
Nbr of Employees 73 608
Free-Float 57,4%
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Technical analysis trends TATA MOTORS LIMITED
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Income Statement Evolution
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Sell
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Mean consensus BUY
Number of Analysts 30
Last Close Price 484,75 INR
Average target price 530,47 INR
Spread / Average Target 9,43%
EPS Revisions
Managers and Directors
Thomas Flack Co-President & Chief Purchasing Officer
Rajendra Petkar Co-President & Chief Technology Officer
Ravindra Kumar G.P Co-President & Chief Human Resources Officer
Pathamadai B. Balaji Group Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
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