Depositary Shares

On 23^rdJanuary, 2023, Tata Motors announced its plans to delist its American Depositary Shares (ADS) from the New York Stock Exchange (NYSE) after January 2023 and terminate its ADS program.

About Depositary Receipt: It is a financial instrument that allows the investors to invest in the equity of foreign companies.

• These depositary receipts can be traded on the stock exchange representing the underlying equity shares of the foreign companies.
• Depending upon the location in which DRs are issued, they are called asAmerican Depository Receipts (ADR), Indian Depository Receipts (IDR) or in general as Global Depository Receipt(GDR).