Infosys ADS gets nod for listing on NYSE Euronext Paris

It has also applied for admission to listing and trading on NYSE Euronext London

IT major Infosys on Thursday announced that the French Autorite des marches financiers (AMF) has approved the company's prospectus for admission of its American Depository Shares (ADS) for listing  and trading on the professional segment of NYSE Euronext Paris.  Infosys, the India's second largest IT exporter has also applied for admission to listing and trading on NYSE Euronext London.

In a press release the company said: “On February 12, Euronext Paris SA approved its application for listing and trading its ADS on Euronext Paris and LIFFE administration and management approved its application for trading of its ADS on NYSE Euronext London.”

The company made an application for admission of its ADS to the official list of the UK Listing Authority (UKLA) and it expects that the UKLA will approve  listing applications following a listing hearing, which is expected to take place of February 18, 2013.

Infosys ADS are scheduled o begin trading on the Euronext exchanges and to be admitted to the official list of the UKLA on February 20, 2013. The company's ADS will trade under the symbol 'INFY' and to be denominated in Euros on the Euronext exchanges.

The company also said, this listing will not alter its share count, capital structure or current stock listing on the New York Stock Exchange, where it also trades under the Symbol 'INFY'.

The Euronext listing are intended to attract investors based outside of India and the US particularly in Europe to provide greater access to Infosys ADS among European fund managers.