https://v2.webnotes.in/tags/dvr/Recent content in DVR on WebNotesHugoen-INWed, 20 May 2026 00:00:00 +0000https://v2.webnotes.in/dvr-shares-on-kite/Wed, 20 May 2026 00:00:00 +0000https://v2.webnotes.in/dvr-shares-on-kite/<p><strong>DVR (Differential Voting Rights)</strong> shares carry different voting power per share compared to common equity. Companies issue DVR shares to raise capital without diluting voting control. Listed DVR shares carry a suffix on the symbol.</p> <p>Examples (historical):</p> <ul> <li>TATAMTRDVR (Tata Motors DVR).</li> <li>Other Tata-group DVR issues.</li> </ul> <h2 id="trading-on-kite">Trading on Kite</h2> <table> <thead> <tr> <th>Aspect</th> <th>DVR</th> </tr> </thead> <tbody> <tr> <td>Symbol</td> <td>Underlying + &ldquo;DVR&rdquo; suffix</td> </tr> <tr> <td>Settlement</td> <td>Same as common equity (T+1)</td> </tr> <tr> <td>Tax treatment</td> <td>Equity rules (LTCG / STCG)</td> </tr> <tr> <td>Liquidity</td> <td>Generally lower than common</td> </tr> </tbody> </table> <h2 id="why-dvrs-trade-at-a-discount">Why DVRs trade at a discount</h2> <p>DVR shares typically trade at 20-40% discount to common equity:</p>