Infosys Shares started Trading on New York Stock Exchange

Infosys Ltd, India’s second-largest IT services provider on 12 December 2012 announced that its American Depositary Shares (ADS) have started trading on the New York Stock Exchange (NYSE) under the ticker symbol INFY.
The company is also in the process of listing its ADS on the Paris and London exchanges of NYSE Euronext.

Earlier in the month of December the company had announced transfer of its NASDAQ-listed ADS to NYSE, which basically aimed to give its European investors better access to its stock.

At the end of September quarter, Infosys had 6.67 crore ADS representing 11.62 per cent of its total number of shares, according to BSE data.

An American Depositary Shares (ADS) is a US dollar-denominated equity share of a foreign-based company available for purchase on an American stock exchange.