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TML Commercial Vehicles Limited and Tata Motors Passenger. Vehicles Limited and their respective shareholders by the Hon’ble National Company Law. Vehicles Limited (“TMLCV” or “Resulting Company”), and Tata Motors Passenger.

A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.

exceeding Rs. 12,50,00,000 (Rupees Twelve Crores Fifty Lakhs Only) on right basis, on such terms. time to time, (‘Rights Issue’). Company for an aggregate amount up to Rs. 12,50,00,000 (Rupees Twelve Crores Fifty Lakhs Only).

Existing holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.

Action(s) initiated or orders passed.

An order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.