Tata Motors - Delisting from NYSE

Tata Motors - Delisting from NYSE
Case Code: FINC215
Case Length: 7 Pages
Period: 2004-2023
Pub Date: 2024
Teaching Note: Available
Price: Rs.200
Organization: Tata Motors
Industry: Automotive
Countries: India
Themes: Stock Market
Tata Motors - Delisting from NYSE
Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

On January 23, 2023, India-based Tata Motors Limited (Tata Motors), a part of the US$ 128 billion Tata Group, announced that it was voluntarily delisting its American Depositary Shares (ADS) from the New York Stock Exchange. The announcement came 18 years after Tata Motors had started trading on the exchange. The company announced, “After January 23, 2023, there will be no over-the-counter market trading of the ADSs in the United States due to regulatory restrictions under Indian law.”..

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