India's second-largest IT services company Infosys, on Friday said it will be transferring the listing of its American Depositary Shares (ADS) to the New York Stock Exchange (NYSE) from the Nasdaq Global Select Market (Nasdaq). An official release from the company also said 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.
“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," said S. D. Shibulal, CEO and MD, Infosys.
Unti the transfer is complete, Infosys ADS will continue to trade in the US under the ticker symbol ‘INFY’ on the Nasdaq. Once the separate Euronext listing process is complete, Infosys ADS will begin trading on the NYSE Euronext markets in Paris and London.
The NYSE Euronext listing will not change Infosys float, share/ADR count and capital structure, it company said.
