Tata Motors has announced the amalgamation of its subsidiary, Tata Motors Finance, with Tata Capital. The board has approved this merger through an NCLT scheme of arrangement. As part of the merger, Tata Capital will issue shares to the shareholders of Tata Motors Finance. Post-merger, Tata Motors will hold a 4.7% stake in the combined entity. In FY24, Tata Capital and Tata Motors Finance reported a PAT (Profit After Tax) of Rs 3,150 crore and Rs 52 crore, respectively.
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