Vedanta says decision to delist American depositary shares from NYSE aimed at simplification

NEW DELHI: Mining giant Vedanta on Friday said the decision to delist American depositary shares from the New York Stock Exchange (NYSE) is aimed at simplification and triggered by the low trading volumes in the security.

The statement comes a day after Vedanta announcing that it will delist its American depositary shares and concentrate all trading of its equity shares on the BSE and NSE.