How many days take to convert from tata motors dvr share to tata motors

[nithin_kumrr]

Hi @Ayatulla_Middya , the company will extinguish the DVR shares and issue Tata Motors shares accordingly within the next 2 weeks, tentatively. Until then, Console will continue to show DVR units in your demat account.

Suspension of trading in Tata Motors DVR and tax implications for its shareholders

As per the Scheme of Arrangement between Tata Motors Limited DVR (TATAMTRDVR) and Tata Motors Limited (TATAMOTORS), Tata Motors DVR will be suspended from trading w.e.f. August 30, 2024 (i.e., closing hours of trading on August 29, 2024). You can check the exchange’s announcement here What was the Scheme of Arrangement? Tata Motors will first issue 7 Tata Motors shares for every 10 ‘DVR’ shares and then cancel its DVR shares. What are the tax implications? Firstly, this arrangement doesn’t…