What does a DVR mean in Tatamotors DVR? What is the difference between Tatamotors and Tatamotors Dvr

DVR means Differential Voting Rights. It is like an ordinary share but with few voting rights. Companies issue DVR shares to raise additional capital and to decrease the voting rights among the investors. Usually DVR shares will be trading at a discount. So investors who are okay with having less voting rights but see high value in the company invest in such shares and take the advantage of the discount. Its a win win situation for both investors as well as for the companies.

Tata Motors issued DVR shares almost 6 years ago to fund the acquisition of Jaguar Land Rover(JLR).

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