In 2008, Tata Motor issued stock with a differential voting right which had one-tenth of the voting right and 5% higher dividend.
Synopsis
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.
ET Intelligence Group: Tata Motors’s DVR – the stock with differential voting rights – may see a disproportionate increase in investors’ interest than ordinary shares when the stock opens for trade on Wednesday.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
BY
ET Bureau
2 mins read, Last Updated:
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