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24 March, 2018 08:06 IST
Infosys announces intent to voluntarily delist ADS
Source: IRIS | 13 Mar, 2018, 08.54AM
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Infosys announced its intention to voluntarily delist its American Depositary Shares (ADS) (ISIN US4567881085) from the Euronext Paris and Euronext London exchanges. The primary reason for seeking the proposed delisting is the low average daily trading volume of Infosys ADS on these exchanges, which is not commensurate with the related administrative requirements. During the 5-year period of the company's listing on Euronext Paris and Euronext London, the average daily trading volume of the company's ADS was significantly lower than its average daily trading volume on the New York Stock Exchange (NYSE).

The proposed delisting is subject to approval from Euronext Paris S.A. and Euronext London Limited. There will be no change to the Infosys share/ADS count, capital structure and float, as a result of the proposed delisting from the above exchanges. Infosys ADS will continue to be listed on the NYSE under the symbol "INFY" and investors can continue to trade their ADS on the NYSE as before.

Shares of the company gained Rs 22.45, or 1.93%, to trade at  Rs 1,185.85.  The total volume of shares traded  was  373,881 at the BSE (4.01 p.m., Monday).

Infosys Limited   (Q,N,C,F)*

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