Tata Motors – DVR

This “scheme” is completely against retail investors I think

Issue DVR at 10% discount and swap them back at 30% discount

From news article…
“Post conversion, the promoters holding in Tata Motors will increase to 42.62 per cent from 41.23 per cent, while that of public will slip to 57.38 per cent from 58.77%”

With all these disclosures and FAQ’s, they should have given a FAQ from shareholders perspective too to highlight tax incidence for a retail investor

This proves to me that Tata Sons has always worked against retail investors – if one was to look at all the cross holdings by Tata listed companies with each other done over last 3-4 decades – all these were actually done on behest of Tata Sons instructions to benefit at the cost of acquiring Tata company’s retail shareholders