Infosys to list ADS on NYSE Euronext

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Infosys to list ADS on NYSE Euronext
India's biggest software services firm has announced that it will be transferring the Nasdaq listed American Depositary Shares (ADS) to the New York Stock Exchange (NYSE).

As per the company's official release, it is also seeking to list its ADS on the Paris and London exchanges of NYSE Euronext.

Infosys ADS will begin trading on the NYSE Euronext markets in the US under the ticker symbol 'INFY' on December 12, 2012, the company said. The Bangalore-based company was listed on Nasdaq in the year 1999.

S. D. Shibulal, CEO and MD, Infosys, "Our decision to transfer our American Depositary Shares listing to the NYSE is motivated by a desire to leverage the NYSE Euronext partnership to empower our investor base, increase access to our stock for European investors and broaden the trading window available for our global investors."

Once the separate Euronext listing process is complete, Infosys ADS will begin trading on the NYSE Euronext markets in Paris and London.

As per the company, the NYSE Euronext listing will not change Infosys float, share/ADR count and capital structure.

Read more about: infosys
Story first published: Saturday, December 1, 2012, 9:30 [IST]
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