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Tata Motors, TFL merger at 8:100 ratio

MUMBAI: The shareholders and secured and unsecured creditors of Tata Motors have approved the merger of Tata Finance Ltd (TFL) with Tata Motors. According to the scheme of amalgamation, eight shares of Rs. 10 each of Tata Motors would be allotted to the shareholders of TFL in exchange for every 100 shares of Rs. 10 each of TFL. — PTI

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