Differential Voting Right

Differential Voting Right (DVR) shares are same as ordinary equity shares except these provide fewer voting rights to the holder. Consequently they usually trade at a discount and may offer higher dividends for surrender of the voting rights. Sale of such stock does not dilute the promoters voting rights and makes it difficult for hostile takeovers.[1]

References

  1. ↑ http://www.business-standard.com/article/pf/what-are-differential-voting-rights-dvr-shares-111042900088_1.html
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