Tata Motors Releases Tax Calculator For DVR Share Swap Ahead Of Record Date

Tata Motors Ltd. has introduced an illustrative tax calculator to assist shareholders in determining the tax implications of its upcoming Differential Voting Rights share swap. The tool is available along with frequently asked questions, or FAQs, released by the company and provides essential guidance for shareholders to understand their tax liabilities in light of the upcoming transaction.

The DVR shares, which have been trading since 2008, will be swapped for ordinary shares at a rate of 7 ordinary shares for every 10 DVR shares. This swap will be done on Sept. 1, 2024, with the listing and trading approval of the new ordinary shares starting on Sept. 11. The shares will be credited to accounts on Sept. 18, and remittance of cash entitlements will happen on Sept. 21.

Shareholders can access the illustrative tax calculator and the FAQs below. This tool will help shareholders estimate the number of shares they will receive post-tax settlement and provide clarity on the tax obligations arising from the swap.