Tata Motors Passenger Vehicles Limited (TMPV) has announced a reduction in its equity stake in TP Paarthav Limited (TPPL), a Special Purpose Vehicle (SPV), to 12.89%. This reduction is in line with the Composite Scheme of Arrangement sanctioned by the National Company Law Tribunal on August 25, 2025, and September 10, 2025. Previously, TMPV had informed about the execution of a Share Subscription and Shareholders’ Agreement to acquire a 26% equity stake in TPPL. As a consequence of the reduced stake, TPPL has ceased to be an Associate of TMPV, effective January 8, 2026.

This development follows an earlier intimation on September 9, 2025, regarding the initial agreement to acquire a 26% stake in TPPL, a subsidiary of Tata Power Renewable Energy Ltd. The change in stake percentage and TPPL's associate status is effective from January 8, 2026.