Stocks

Tata Sons sells Tata Motors DVR shares

Our Bureau Mumbai | Updated on May 10, 2011 Published on May 10, 2011


Tata Sons, the holding company of the Tata group, sold about 23 lakh shares with differential voting rights (DVR A-Ordy) of Tata Motors in a bulk deal.

On the BSE, it sold six lakh shares at an average price of Rs 682.38, while on the NSE it sold 17 lakh shares at an average price of Rs 680.45. Of this, Fidelity Investment Trust bought 7.45 lakh shares. The other buyers' names were not available.

The Tata Motors DVR shares carry one-tenth the voting rights of, and 5 per cent more dividend than, the ordinary shares.

As of March 31, Tata Sons held about 17 crore shares (17.54 per cent) of Tata Motors DVR shares.

Published on May 10, 2011
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