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Indicative timelines for Tata motor DVR shares conversion may be as follows:
a) Record date/Effective Date - 1
st September 2024 (T)
b) Initiating action of allotment of New Ordinary Shares to the Trust – 1
st September 2024 (T)
c) Finalisation of WHT details of Shareholders – T+9 days
d) Listing & Trading Approval of the New Ordinary Shares - T+10 days
e) Sale of requisite number of New Ordinary Shares by the Trust for WHT recovery (including other taxes &
expenses) and fractional entitlement – T+15 days
f) Credit of balance New Ordinary Shares to the “A” Ordinary Shareholders account - T+ 17 days
g) Remittance of cash (if any surplus on block deal + fractional entitlement sale) - T+20 days.
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