IT bellwether, Infosys Ltd. has received approval on February 12 from the French AMF to list its American Depository Shares (NYSE:ADS) on New York Stock Exchange (NYSE) Euronext Paris.
The company has also secured approval from LIFFE Administration and Management for its application to trade its ADS on NYSE Euronext London, Infosys said in a filing to the Bombay Stock Exchange. Moreover, Infosys has made an application for admission of its ADS to the Official List of the UK Listing Authority (UKLA) and expects that the UKLA will approve its listing application following a listing hearing on February 18, the filing stated.
With the Euronext listings, the IT giant intends to attract investors based outside India and the US to provide greater access to Infosys' ADS among European fund managers, the filing added.
Source - Infosys