DVR SHARES
India Inc’s Promoter Raj has run its course. Time to rewrite the succession script
Corporate India faces numerous high-profile CEO departures, testing established succession plans. The traditional promoter system, a colonial construct, now hinders progress and good governance. This outdated model, which segregates control from ownership, needs thorough reevaluation. Competence, not lineage, should now be the sole criterion for leadership roles. India possesses a vast pool of talented technocrats ready to lead businesses effectively.
TML Securities Trust sells 1.14 crore new ordinary shares of Tata Motors under DVR scheme
The company has recently canceled its DVR (Differential Voting Rights) shares and is replacing them with ordinary shares. According to the new scheme, shareholders will receive 7 ordinary shares for every 10 DVR shares they previously held. Axis Trustee Services, acting as an Independent Trustee, will now manage the distribution of the sale proceeds.
Trading of Tata Motors DVR shares suspended. Here's why
Tata Motors announced that trading of its DVR shares would stop due to their conversion into ordinary shares. For every 10 DVR shares, investors receive seven ordinary shares. Tata Motors DVR shares have provided substantial returns over the past two years. The company's restructuring has been approved by the National Company Law Tribunal.
Trading of Tata Motors DVR shares stops today
Tata Motors will cease trading in its differential voting rights shares today as they are converted into ordinary shares. Investors holding 10 DVR shares will receive 7 ordinary shares. The record date was September 1, and the company has secured approvals from the National Company Law Tribunal for this reorganization.
3 stocks to trade ex-rights tomorrow. Last opportunity to buy shares
A rights issue occurs when a company asks its current shareholders to buy additional shares at a discount before a certain date. This gives shareholders the right, but not the obligation, to purchase new shares at a discount to the market price up to a specified future date.
DVR share swap to cost Rs 100 crore: Tata Motors
With shareholders quizzing Chandrasekaran on Tata Motors’ equity capital reduction move at the annual general meeting (AGM) on Tuesday, the chairman said that it is being done with the objective of fairness for both kinds of shareholders (ordinary and DVR). He added that Tata Sons (promoter) approved the move on the basis of what is good for the company and in the interest of shareholders.
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Tata Motors DVR's shares hit new high on arbitrage buying
The buying frenzy followed the announcement by Tata Motors to cancel class 'A' shares, also known as shares carrying differential voting rights or DVR, and convert them into ordinary shares. DVR shares trade like ordinary shares but with lower voting rights. This share category has 1/10th voting rights but a 5% higher dividend.
Tata Motors' plans to make DVR shares ordinary may spark strong investor interest
The company has decided to cancel its DVR shares meant for simplification of capital structure, potentially narrowing the discount between two securities. Interestingly, ordinary shares are also likely to see an earnings upgrade from improving margins at its UK subsidiary Jaguar Land Rover and the domestic business.
When reasons defy reality! How DVRs, hold cos create opportunities for you
In the last six years, if one looks at the discount that some of the DVR shares are enjoying, there has seen a sharp surge to as high as 60 per cent plus from the lows of 20 per cent plus without any rationale.
Tata Sons raises stake in Tata Chemicals, Tata Motors DVR
Tata Sons bought 22.1 lakh shares of Tata Chemicals at an average price of Rs 287.6 per share and purchased 37.6 lakh shares of Tata Motors DVR 'A' ordinary shares at 59.8 per share, the data showed.
Why is Tata Motors DVR rallying
The promoter Tata Sons acquired over half a crore shares at the DVR counter through open market on September 4 representing 1 per cent of its equity at an average price Rs 56 per share aggregating to Rs 29.7 crore, according to the NSE bulk deal filings.
Learn with ETMarkets: Differential voting rights
Shares with differential voting rights imply shares that give the holder different voting rights compared to someone who owns ordi nary shares of a company.
DVR shares outperform ordinary shares in choppy era
Tata Motors DVR shares have gained 18.8% over past one year, compared to ordinary shares which have risen only 8.5%
DVR shares outperformed common stocks by 25% over the past year
Shares with differential voting right (DVR) have delivered higher returns than their respective common stocks over the past one year.
Tata Motors DVR shares’ discount to ordinary stock may shrink to 10 per cent
Analysts say that the difference between the two shares likely to shrink to 10 per cent from 28 per cent currently.
Price discounts, higher dividends make DVRs an attractive buy
DVR shares are like ordinary shares, but carry less or limited voting rights. They are listed and traded on stock exchanges just like ordinary shares.
Tata Motors DVR, Future Retail DVR rally up to 11% on likely inclusion in Nifty
Reacting to the news, Tata Motors DVR surged as much as 3.9%, while Future Retail DVR rose as much as 11.02% in intraday trade today.
Buy Tata Motors DVR with a target of Rs 410: Mitesh Thacker
"Buy Tata Motors DVR with a target of Rs 410 and stop loss of Rs 367."
Tata Motors, Jain Irrigation DVR shares surge on BSE move
DVR shares of Tata Motors and Jain Irrigation ended with sharp gains of up to 6.6 per cent today after the BSE announced new norms for considering differential voting rights shares (DVRs) in the indices, including Sensex and BSE 100.
DVR shares of Tata Motors, Jain Irrigation spurt up to 17% on new BSE norms
Jain Irrigation Systems was trading 14 per cent higher at Rs 54.05, and Future Retail DVR was up 9.8 per cent to Rs 60.
BSE sets new norms for differential voting rights shares
Premier stock exchange BSE today announced new norms for considering DVR shares in the indices, including Sensex and BSE 100.
Tata Motors DVR shares surge nearly 6% on index inclusion buzz
Shares of Tata Motors DVR (Differential Voting Rights) jumped nearly 6 per cent today amid a media report saying leading bourses BSE and NSE are considering admitting the DVRs on their benchmark indices.
Inclusion of Tata Motors’ DVRs in Nifty or Sensex may cut price gap with shares
“Inclusion of Tata Motors DVR in Nifty or Sensex will enable global ETFs to invest in the stock eliminating completely the price discount.”
RBS sells Tata Motors DVR shares worth Rs 96 crore
Royal Bank of Scotland today offloaded 63.40 lakh shares of Tata Motors with differential voting rights (DVR) for a little over Rs 96 crore.
Tata Motors plans $750 mn DVR issue
Tata Motors, India’s largest truck and bus maker, plans to raise $700-750 million through issue of shares with differential voting rights (DVRs).
7 Pantaloon Retail promoters sell 25L DVR shares for Rs 71cr
Seven promoters of Pantaloon Retail today sold over 25 lakh shares that carry differential voting rights for around Rs 71 crore.
Investors lap up Pantaloon’s DVR shares
The recent rise in activity in Tata Motors’ differential voting rights (DVR) shares in the past few months appears to have had a rub-off effect on Pantaloon Retail, the only other stock with DVRs on domestic stock exchanges.
Tata Motors' DVR shares seen in demand
There is speculation that there is significant creation of short positions in Tata Motors shares.
Promoters’ stake hits 42% after rights issue
Tata Group has scaled up its stake in Tata Motors by 9% to 42% through an additional subscription of the under-subscribed portion of the rights issue, a company official said on Friday.
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