Tata Motors will create a Trust, which will receive the new ordinary shares from the company on behalf and for the benefit of each of the relevant shareholders. The issuance of shares instead of cash will help in preserving the liquidity for the company’s future growth. Besides, it will allow the holders of the ‘A’ ordinary shares to continue to participate in the company’s performance through the ordinary shares.
Manishi Raychaudhuri on factors that will dictate the market in next few months
If one looks at the undervalued pockets, at least the sectors which are fundamentally good over the long term, but have underperformed in the near