Company's stock rises after it announces that its financial services business will be demerged from Reliance Industries.
The interim dividend will be paid to the shareholders whose names appear on the register of members of the company on record date.
In this insolvency resolution, the primary creditor Punjab National Bank (PNB) received Rs 700 crore.
Tata Motors will provide these vehicles over a period of three years.
The valuation of the company was estimated to be up to $3 billion.
The portfolio consisted of total loan amount of Rs 341 crore.
He will replace Alok Agarwal on 1st June.
Price increase will come into effect from April 1st.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."