Tata Motors shares rise 2% on getting nod for conversion of DVRs
The auto major has received NoC from the BSE and NSE for the conversion of its differential voting rights (DVRs) shares to ordinary shares.
The auto major has received NoC from the BSE and NSE for the conversion of its differential voting rights (DVRs) shares to ordinary shares.
The scheme of arrangement for capital reduction of ‘A’ ordinary shares may translate to a 23% premium to the DVR shareholders, say brokerages.