Shares not allotted against Tata motors dvr

[Meher_Smaran]

Hi @Pranav_Gupta

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…

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