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Infosys to delist shares from Paris, London stock exchanges

IANS  |  Bengaluru 

Software on Monday said it would delist its American Depository Shares (ADS) from and stock exchanges but continue to trade on the NYSE.

"Reason for voluntary delisting is the low average daily trading volume of ADS on both the exchanges," said the city-based IT in a statement here.

The company's Indian shares of 5 face value are traded on the and NSE in

Since the listing of the ADS on and exchanges 5 year ago, its average daily trading volume has been lower than on the (NYSE).

"There will be no change to the share/ADS count, capital structure and float, as a result of the proposed delisting from the twin Euro exchanges," said the company in a regulatory filing on the

The delisting will be after approval from S.A. and Euronext Ltd.

"As the ADS will continue to be on the NYSE under its symbol 'Infy', investors can trade their ADS on the US exchange," the statement said.

The company will provide a sales facility to the ADS holders on the Paris and London stock exchanges for trading them on the NYSE.

"ADS holders, who opt for the facility, can sell their shares on the NYSE in accordance with Paris and rules," added the statement.

The company's blue-chip scrip ended at 1,185.85 per share on the BSE, gaining 22.45 from Friday closing price of Rs 1,163.40 after opening at Rs 1,170.30 and touching a high of Rs 1,191.85 and a low of Rs 1,170.30 during the intra-day trading session.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 18:24 IST