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 This outdated model, which segregates control from ownership, needs thorough reevaluation.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.
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.
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.
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.
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, 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.
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.
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