Tata Communications moves to delist ADRs from US bourses
27 Jun 2014
Tata Communications Ltd said it will terminate its registration of American Depositary Shares and will file with the United States Securities & Exchange Commission in this regard on 26 June.
The company said in a notice to the Bombay Stock Exchange BSE that it will terminate the registration of its ADS, as evidenced by American Depositary Receipts (ADRs), under Section 12(g) of the US Securities Exchange Act, 1934, which will terminate its reporting obligations to the SEC.
''The company will file Form 15F on 26 June with SEC. This is further to the company's announcement on 7 June, confirming the delisting of its ADS(s) from NYSE, effective from the close of business on 7 June 2013,'' the company said.
''The company expects this termination will become effective 90 days after its filing with the SEC, it said. ''As a result of this filing, the company's reporting obligations with SEC, including its obligation to file annual reports on Form 20-F and reports on Form 6-K, will be suspended immediately.''
Tata Communications, a part of the widely diversified Tata Group, is one of the world's biggest undersea cable network operators.
