TTM - Tata Motors delists ADSs from NYSE keeps BSE and NSE listings

• Tata Motors ( NYSE: TTM ) has confirmed the voluntary delisting of its American Depositary Shares, representing ordinary shares, from the New York Stock Exchange due to regulatory restrictions under Indian law. The delisting went into effect following the close of trading on January 23, 2023.
• The move, which was telegraphed last November , will help simplify the company's financial reporting requirements and reduce administrative costs. Each ADS of Tata Motors ( TTM ) represented 5 ordinary shares of the company.
• "The above action has no impact on the current listing status or trading of the company's equity shares on the BSE Limited and the National Stock Exchange of India Limited in India," Tata Motors ( TTM ) said in the release.

For further details see: