Tata Motors share price gains after voluntary delisting from NYSE

Due to regulatory constraints under Indian law, there will be no over-the-counter market trading of American Depositary Shares (ADSs) in the US from Monday, Tata Motors stated in a regulatory filing.

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In early trade on January 24, Tata Motors’ share price rose nearly 2%, or 9, to ₹417.40. The stock opened higher by Re 1, but subsequently added to its gains. The firm announced on Monday that it is delisting its American Depositary Shares from the NYSE voluntarily, effective at the close of trade on January 23.

Due to regulatory constraints under Indian law, there will be no over-the-counter market trading of American Depositary Shares (ADSs) in the US from Monday, according to Tata Motors in a regulatory filing.

The stock reached a 52-week high of ₹519.50 on January 31, 2022 and a 52-week low of ₹366.05 on May 12, 2022.