Data from the NSE and BSE suggest that HDFC Mutual Fund bought shares worth Rs. 334 crores in Tata Motors DVR since the beginning of April 2010. Other large buyers include:
Dilipkumar V Lakhi (a diamond manufacturer) – Rs. 38 crore
JF India Fund – Rs. 38 crore
Sundaram BNP Paribas MF – Rs. 24 crore
Prulink Asian Equity Fund – Rs. 22 crore
International Opportunities Fundasian Equity Fund – Rs. 18 crore
Other large investors with Tata Motors DVR shares include: Nomura India, DSP Blackrock, Dragon Peacock Investments, Swiss Finance Corp, Pru India Equity, JM Financial and IFCI.
In October 2008, Tata Motors raised Rs.4139 crores through a simultaneous but unlinked rights issue of ordinary shares and a new group of ‘A’ ordinary shares with differential voting rights. The company issued 64,175,655 shares each of ordinary shares and ‘A’ ordinary shares of face value Rs.10 in the ratio of one ordinary and/or one ‘A’ ordinary share for every six ordinary shares at a premium of Rs.330 per share and Rs.295 per share respectively.
Ordinary shares: 6,41,75,655 * 340 = Rs. 2182 crores
‘A’ Ordinary shares 6,41,75,655 * 305 = Rs. 1957 crores
Till Dec 31 2008, 84% of the ‘A’ Ordinary shares were held by the promoter group. The same stood at 56% in Dec 31 2009.
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