Pretty disappointed with the shortchanging aspect of the DVR. Without a first hand experience with Tata I always formed an opinion about the group as being fair etc based on Media.
This swap ratio is clearly opportunistic.
Remember all the hoopla in all the news channels and online about the vedanta promoter trying to shortchange with the delisting offer at the covid lows?
Even the unfair pricing of ICICI security delisting is getting some attention.
But the tata motors’ unfair DVR swap goes thru silently without much noise anywhere.
Probably because get few people had it? I made out quite well with DVR (10x) but still fair is fair. If each share is entitled to equal part of the profit then by forcibly swapping DVR with regular with 7:10 is theft of minority shareholders.
Lesson learnt: in Indian market context there is rarely any activism for shareholders rights and to stay away from any novel structures like DVR stocks or other kind.
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