Tata motors: One of the most trusted companies domestically is the Tata group. An average Indian feels that there is no need to think twice about a job or a business with the Tata Group. The news that Tata Motors shares of the famous company have been delisted from the exchange has created a stir in the market circles. But investors were relieved to know that this was not the case in Indian markets.
Voluntarily delist:
Tata Motors, the flagship company of the Tata Group, has announced that it is voluntarily delisting the shares of Tata Motors from the New York Stock Exchange (NYSE). It means that buying and selling of shares related to this company has stopped. Thus investors who already own shares have the option to sell at the exchange but not the flexibility to buy new ones.
It’s normal here..Tata Motors has clarified that the trading of its equity shares on BSE and NSE in India has nothing to do with this incident. Meanwhile, the price of this share increased by 3 percent on Tuesday and traded at 420. The market cap of the company is more than 1 lakh 40 thousand crores
Why Delisting: