Infosys to move ADS from Nasdaq to NYSE

Technology services major Infosys said on Friday that it would transfer the listing of its American Depository Shares (ADS) to the New York Stock Exchange (NYSE) from the Nasdaq Global Select Market (Nasdaq). The company 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. Until the transfer is complete, Infosys ADS will continue to trade in the US under the ticker symbol ‘INFY’ on the NASDAQ, the company said.

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.

"Our decision to transfer our ADS listing to 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," Infosys CEO and Managing Director S D Shibulal said.

Duncan Niederauer, CEO, NYSE Euronext, welcomed Infosys' decision to transfer its listing to the NYSE.

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