Infosys to list on NYSE Euronext tomorrow
19 Feb 2013
Software services major Infosys will be listed on NYSE Euronext's London and Paris exchanges tomorrow, making it the first Indian company to trade on this exchange.
Infosys CEO and managing director S D Shibulal will be in London to mark the first cross-listing of an Indian company, the company said in a statement.
According to Shibulal, listing on NYSE Euronext enabled UK, French and other European investors to have direct access to Infosys ADS. He said it was a testament to the strong relationship between India and the UK and allowed UK investors to benefit from the India growth story.
According to PTI, Infosys, which started trading on the NYSE on 12 December 2012, trades under the ticker symbol INFY. The company would trade on the NYSE Euronext under the same ticker symbol INFY.
It said UK prime minister David Cameron said Infosys was a great example of Indian investment in the UK and that he was delighted that it would be the first Indian company to be admitted to trade on NYSE Euronext London this week.
Bangalore-based Infosys, founded in 1981, has revenues of over $7 billion employing more than 1.55 lakh people.
The company pioneered the globalisation of the Indian technology and it now now represents 24 per cent of Indian exports and 13 per cent of BSE benchmark index Sensex.
The Euronext listings are aimed at investors based in Europe, to offer greater access to Infosys' ADS among European fund managers.