Tata Motors CV shares list at 28% premium as demerger move pays off
Tata Motors CV's share price rose as much as 28.5% over implied price of ₹260.75 to ₹335 on the NSE, amid expectations of a near-term volatility.
Shares of Tata Motors Commercial Vehicles Ltd. listed at a premium of 28% to its implied value, as investors cheered the standalone listing of India's largest truck-and-bus maker. That, in effect, means that the Tata Motors demerger has paid off for India's largest conglomerate.
Tata Motors CV's share price rose as much as 28.5% over the implied price of ₹260 .75 to ₹335 on the National Stock Exchange, amid expectations of a near-term volatility.
This is a developing story. More to come.
ABOUT THE AUTHORTushar Deep SinghTushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.Read More

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