What is BE series in NSE

NinjaTrader

NinjaTrader

Active Member
#5
#5
Tata Motors class A shares, or shares with differential voting rights (DVRs)

As the name suggest, DVR shares have different voting rights compared to ordinary shares.

e.g. Tata Motors' DVR share will have only 10% voting right compared to its ordinary share.

A person having 10 DVR shares will have the same voting power as someone who has 1 ordinary share.

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Sometimes these shares have a different dividend rate.

e.g. In case of Tata Motors, the dividend for DVR has been fixed at 5 percentage points above ordinary shares.

Thus, if the company announces 1% dividend for ordinary shares, it will have to give 6% dividend to DVR shares.
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It is not necessary that DVR shares always have less voting rights.

Sometimes companies issue DVR shares with more voting rights than ordinary shares.
Click to expand...
some old news about DVR's

http://www.livemint.com/2008/05/05235749/Promoters-set-to-benefit-from.html

http://in.reuters.com/article/2012/02/28/india-marketeye-tata-motors-dvr-idINL4E8DS41420120228
 
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