India's second largest software services company Infosys on Thursday said its American Depositary Shares (ADS) have started trading on the New York Stock Exchange (NYSE). "Infosys ADS have started trading on the New York Stock Exchange (NYSE) under the ticker symbol 'INFY',” Infosys said in a statement.
Earlier this month, the company had announced transfer of its NASDAQ-listed ADS to NYSE, a move aimed to give its European investors better access to its stock. The statement also said that the company is also in the process of listing its ADS on the Paris and London exchanges of NYSE Euronext.
Announcing the company's plans early this month S D Shibulal, CEO and MD, Infosys had said: “Our decision to transfer our American Depositary Shares 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.”
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app