TATA Motors has completed the public filing for listing American Depository Receipts (ADRs) on the New York Stock Exchange (NYSE), the company said on Friday.The ADRs, expected to list by this month-end, would be by conversion of its outstanding global depository receipts, therefore, without a fresh issue of funds.The ADR listing is expected to be a big boost for the brand and infuse more liquidity to its shares abroad.This is the first Indian automobile and engineering company and the second Tata group firm to list on NYSE. The select few already listed include Videsh Sanchar Nigam (VSNL), Dr Reddy’s Laboratories, HDFC Bank, ICICI Bank and Satyam Computers. Infosys and Wipro are on Nasdaq.Friday’s news lifted Tata Motors’ scrip on BSE to close 4.35 per cent up at Rs 405.75 with nearly 22 lakh shares traded.The stock has been volatile since August 23, as alternate trades rocked it between Rs 373 and Rs 399 after it fell from an August 10 high of Rs 433.95.
