Tata Motors demerger effect: Shares slip 7% in 4 days. What investors need to know ahead of record date
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Tata Motors’ shares have fallen 6.8% over the past four sessions to hit a low of Rs 689.3 on the BSE, slipping below the Rs 700 mark as investors await the crucial record date for the company’s demerger next week. The decline comes as markets factor in the separation of its commercial and passenger vehicle businesses, along with the phased restart of production at its luxury arm, Jaguar Land Rover (JLR), following a recent cyber incident. In a new update, Tata Motors’ UK-based subsidiary Jaguar Land Rover (JLR) has begun the phased restart of its manufacturing operations from today, October 8, after a cyberattack disrupted production in early September. The company also announced a new financing solution to support the cash flow of its suppliers as it resumes operations and restores the manufacturing of its vehicles. The auto major will be in focus till next week, with the demerger set to take effect soon and key operational updates from ...