Tata Motors DVR stock soars 10% after Rakesh Jhunjhunwala raises stake

The DVRs carry lower voting rights but offer higher dividends

Rakesh Jhunjhunwala pruned exposure to Tata Motors ordinary share, while increasing holdings in shares with differential voting rights (DVR).

The billionaire investor’s holding in Tata Motors DVR has risen to 3.93 per cent during the September 2021 quarter from 1.97 per cent in the preceding quarter. On the other hand, his holding has declined slightly in Tata Motors ordinary shares to 1.11 per cent to 1.14 per cent for the period under consideration.

Tata Motors DVR surged 10 per cent on Thursday to end at Rs 256. The ordinary shares rose 4.3 per cent to end at Rs 508.

Currently,