Tata Motors remains the only major listed company with A ordinary share capital. In 2008, TML issued.
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The move is aimed at capital reduction, and the automaker will seek National Company Law Tribunals approval for the same, it said. Holders of DVRs have different voting and dividend rights when compared to holders of ordinary shares. Tata Motors had issued DVRs back in 2008 when it did a rights issue.
Tata Motors remains the only major listed company with "A" ordinary share capital.In 2008, TML issued "A" ordinary shares at a 10 per cent discount to ordinary with lower voting rights (1/10th) and higher dividend (by 5 per .