India: Tata Motors may raise US$700m through DVR issue

Tata Motors reportedly plans to raise US$700m-750m by issuing shares with differential voting rights (DVRs). This issue of DVR shares, The Economic Times said, is part of the company's plan to raise US$1bn in order to retire debt. The business daily, citing two unnamed sources familiar with the development, claims that Subscribe to Automotive World … Continued

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• August 19, 2010