Tata Communications Ltd will formally delist from New York Stock Exchange (NYSE), the company said on Thursday.
The company said in a notice on BSE that it will terminate the registration of its American Depositary Shares (ADS), as evidenced by American Depositary Receipts (ADR), under Section 12(g) of the US Securities Exchange Act, 1934, which will further terminate its reporting obligations with the US Securities and Exchange Commission (SEC).
The company will file with a Form 15F on June 26 with SEC. This is further to the companys announcement on June 7, confirming the delisting of its ADS(s) from NYSE, effective from the close of business on June 7, 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 companys 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.