Tata Motors, the largest truck maker, is finding more takers for its differentiated voting rights (DVRs) shares than ordinary shares in its ongoing rights issue to raise Rs 7,500 crore. According to the data available with exchanges, Tata Motors' DVR was subscribed 95 per cent on Thursday evening against 83 per cent for the ordinary shares of the company.
The issue that opened on April 17 will close on Saturday. Friday being a holiday and Saturday being a non working day for exchanges, Thursday was the last day for all the investors making online application using the ASBA (application supported by blocked amount) facility. ASBA is also mandatory for all applications for shares worth above Rs 2 lakh.