WebSify
Follow us on
Mail
Print

MTNL delists ADS from NYSE, lists on OTCQX

Source : BUSINESS_STANDARD
Last Updated: Mon, Jan 07, 2013 19:43 hrs
Telecom M&A, pricing talks to end in a week - secy

State-owned telecom services provider Mahangar Telephone Nigam Ltd (MTNL) has delisted its American Depository Shares (ADS) from the New York Stock Exchange (NYSE) and listed them on the OTCQX International Market.

"The delisting of ADS from NYSE was with effect from December 31, 2012, while trading in MTNL ADS on OTCQX commenced from January 2, 2013," the company said in a BSE filing on Monday.

The decision to delist MTNL ADS from NYSE was taken by its board on June 30, 2012.

OTCQX provides a listing platform and access to US investors and to non-US companies listed on a qualified stock exchange in their home country. Last month, IT major Infosys had transfered its ADS from Nasdaq to NYSE.

Shares of MTNL on Monday ended at Rs 27.85, down Rs 0.15, or 0.54 per cent on BSE.


blog comments powered by Disqus
most popular on facebook
talking point on sify finance