Tata Motors Share Price Rises By 3% After Its Subsidiary Merger With Tata Capital Gets Approval By The Boards

Tata Motors' share price surged by 3.27% to ₹933.75 after its subsidiary merger with Tata Capital received board approval, boosting the company's financial performance and market capitalization to ₹346,513.79 crore. The merger will allow Tata Motors to exit non-core businesses and focus on emerging technologies while holding a 4.7% stake in the merged entity. Tata Motors reported strong financial performance in FY24, with revenue from operations increasing by 26.5% to ₹437,928 crores and net profits rising 1082.4% to ₹31,807 crores.

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