Market and research analysts are divided on the possibility as also the feasibility of Infosys Technologies going in for a sponsored American depository receipts (ADR) issue. Some believe that if Infosys were to go in for an acquisition, such a move would not help.
Infosys went in for a $60 million ADR issue both to improve its branding and also to raise a cash chest for acquisition. The latter objective still remains to be fulfilled.
According to one analyst, if Infosys were to go in for a cash-cum-stock deal, higher valuation at Nasdaq would in fact help Infosys as it would get a higher valuation of its stocks.
A Infosys spokesperson, however, declined to comment on the possibility of the company going in for a sponsored ADR and dismissed such reports as
