TML Securities Trust sells 1.14 crore new ordinary shares of Tata Motors under DVR scheme

TML Securities Trust sells 1.14 crore new ordinary shares of Tata Motors under DVR scheme

Tata Motors on Tuesday said TML Securities Trust, has sold 1.14 crore new ordinary shares (NOS) on the exchanges today for distribution of fractional share entitlement as well as towards tax liabilities. Earlier, the auto major received clearance from the National Company Law Tribunal (NCLT) for its scheme of arrangement which involves reducing share capital … Read more

tata motors dvr shares: Trading of Tata Motors DVR shares suspended. Here’s why

tata motors dvr shares: Trading of Tata Motors DVR shares suspended. Here’s why

Trading of Tata Motors DVR shares will stop today as Tata Motors on Tuesday announced that trading of its differential voting rights (DVR) shares will cease due to their conversion into ordinary shares.The company had planned to cancel the DVR shares, which have been listed since 2008, and replace them with ordinary shares. For every … Read more