DVRs trade just like an ordinary share but have no voting rights. There are four DVRs that trade on Indian bourses. Because they do not have voting rights, they trade at a discount to the normal shares. These DVRs and their discount percentages have seen a higher volatility in the last six months. Moreover, all four DVRs have performed better than the normal shares in the last one year, and two DVRs have performed better in three years as well.