Tata Steel is reported to be mulling a DVR (differential voting rights) issue to raise $1 billion. A "DVR" is an instrument that is traded on the stock exchanges, offers dividends but has limited voting rights. DVRs are offered at a discounted price compared to ordinary shares.
Tata Motors was the first company in India to offer DVR shares.
Tata Steel's closing price on NSE was 672.85 on 24-Dec-2010.
