Tata Motors is killing its DVR shares!
Finshots Daily
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How Tata Motors Raised Crores Without Giving Away Ownership
In 2008, Tata Motors desperately needed money. It had borrowed the sum to buy British luxury brands, Jaguar and Land Rover. The promoters didn't want to dilute their ownership. They wanted to keep control. So they issued a special kind of share - something called DVR share or differential voting rights share. These types of shares have been quite popular in the US.
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