Tata Motors, Tata Capital, and Tata Motors Finance have greenlit a merger, with Tata Capital absorbing Tata Motors Finance through an NCLT arrangement. Tata Capital will issue shares to Tata Motors Finance shareholders, giving Tata Motors an indirect 4.7% stake. The move aligns with Tata Motors’ strategy to divest non-core businesses and focus on future technologies. The merger is anticipated to conclude in 9-12 months without impacting customers or creditors. Advisors include E&Y, ICICI Securities, PwC, Axis Capital, and AZB & Partners. The merger aims to bolster Tata Capital’s presence in vehicle financing segments.