Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 April, 2018 17:00 IST
Infosys announces intent to voluntarily delist ADS
Source: IRIS | 13 Mar, 2018, 08.54AM
Comments  |  Post Comment

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)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Sensex, Nifty end flat; M&M, Sun Pharma top gainers - 23-Apr-2018 16:03
Petrol price touches Rs 74.40, diesel at record high of Rs 65.65 - 23-Apr-2018 13:42
Mahindra Powerol launches new range of high power diesel generators - 23-Apr-2018 13:36
Salasar Techno Engg secures orders worth Rs 490 mn - 23-Apr-2018 13:02
Gujarat Ambuja Exports completes 1st phase of greenfield maize processing plant - 23-Apr-2018 12:58
Sensex rises over 150 points; TCS, M&M top gainers - 23-Apr-2018 12:56
Lupin receives USFDA for generic of Xenazine tablets - 23-Apr-2018 12:52
Indian Hume Pipe surges after new order win - 23-Apr-2018 12:47
Shilpa Medicare rises post EU-GMP approval for three plants - 23-Apr-2018 12:39
Indiabulls Housing Finance quarterly net rises 22.58% - 23-Apr-2018 11:49
Sensex trades 63 points higher; Nifty trades at 10,587 - 23-Apr-2018 10:31
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer