Tata Motors Passenger Vehicles Announces Allotment of 58,077 Shares Under Incentive Scheme
Tata Motors Passenger Vehicles Limited, which was previously known as Tata Motors Limited, approved the allotment of 58,077 Equity Shares on April 17, 2026. The allotment, executed by the Company's Allotment Committee, was made to eligible employees under the Tata Motors Passenger Vehicles Limited Share-based Long Term Incentive Scheme 2021.The Company approved the allotment of 58,077 Equity Shares, each having a face value of ₹2/- and being fully paid up. This allocation resulted from the exercise of 58,077 Performance Share Units at an exercise price of ₹2/- per share.
The allotment significantly increased the paid-up Equity Share Capital of the Company. The capital structure details are as follows:
| Metric | Previous Capital | New Capital |
|---|---|---|
| Paid-up Equity Share Capital | ₹ 7,36,52,32,631 | ₹ 7,36,53,48,785 |
| Total Shares | 3,68,23,77,563 | 3,68,24,35,640 |
| Face Value Per Share | ₹2/- | ₹2/- |
The Company reported that the increase in paid-up capital accounts for the subscribed share capital plus shares forfeited less calls in arrears. The newly allotted Equity Shares rank pari passu in all aspects with the existing Equity Shares of the Company.
TMPV Stock Price Movement
As of 3:15 PM, shares of Tata Motors Passenger Vehicles Limited are rallying in live trading, gaining 1.04% to touch ₹360. The stock is maintaining momentum, supported by robust activity at a total volume of 6.32 million shares.Source:
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