A Vote Against

Tata Motors and Jagatjit Industries have introduced non-voting shares. Stay away from them

Tata Motors has announced a class of shares with ‘differential voting rights’ (DVRs). According to a report, 10 DVR shares equal one vote. In other words, if you have nine shares, you have no votes. Jagatjit Industries made a preferential issue of equity shares to a promoter company. Each share carried...

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