ADS issue oversubscribed
The sponsored American depository share (ADS) issue of Infosys Technologies has been oversubscribed, with nearly 200 investors showing interest from across the US, Europe and the Far East, according to T Mohandas Pai, chief financial officer of the firm.
Speaking to mediapersons from the Nasdaq headquarters in Times Square, New York, Infosys CEO Nandan Nilekani said the response from investors had been overwhelming during the road shows conducted last week.
However, Nilekani did not mention the number of times by which the issue had been oversubscribed by the prospective investors in view of the silent period till August 8, 2003.
