Software services major Infosys will get listed on NYSE Euronext London and Paris markets on Wednesday, becoming the first Indian company to be admitted to trade on the leading global bourse.
Infosys CEO and Managing Director S D Shibulal will be in London to mark the first cross listing of an Indian company, a company statement said.
'Listing on NYSE Euronext enables UK, French and other European investors to have direct access to Infosys ADS. It is a testament to the strong relationship between Indian and the UK and allows UK investors to benefit from the India growth story,' Shibulal said.
Infosys began trading on the NYSE on 12 December 2012 and trades under the ticker symbol INFY. Infosys will also trade on NYSE Euronext under the ticker symbol INFY.
Commenting on the development, UK Prime Minister David Cameron said: 'Infosys is a great example of Indian investment in the UK and I am delighted that they will be the first Indian company to be admitted to trade on NYSE Euronext London this week.'
Bangalore-based Infosys was founded in 1981 by seven people and today has revenues of over $7 billion and employs more than 1.55 lakh people.The globalisation of the Indian technology sector was pioneered by Infosys that now represents 24 per cent of Indian exports and 13 per cent of BSE benchmark index Sensex.
The Euronext listings are intended to attract investors based outside of India and the US, particularly in Europe, to provide greater access to Infosys' ADS among European fund managers.
IT PIONEER PREMJI TO COMMIT MORE FUNDS TO SOCIAL CAUSES
Wipro Chairman Azim Premji on Tuesday said he will commit more of his wealth to philanthropy, as his Foundation scales up work to improve equity and quality of the primary education system in the country.
The business tycoon who is also the Chairman of Azim Premji Foundation, has donated 8.7 per cent of the total stock of Wipro from his personal stock-holding for philanthropy in 2010. This formed the endowment for the Foundation.
In a letter for the first international 'Giving Pledge', group, he said the Foundation currently has 800 people spread across the country: most of whom are working for the betterment of some of the most disadvantaged regions of the country, and others at the Azim Premji University here. ‘The Foundation plans to scale up to 4000-5000 people over the next five years’, Premji said. ‘The developments of the past two years have given me confidence in our scaled up and institutional strategy.
Even as we execute this strategy, I am aware that ensuring stable funding source is critical for its success. I am committed to transferring more of my wealth to scale up the Endowment of the Foundation,’ he said.
Infosys CEO and Managing Director S D Shibulal will be in London to mark the first cross listing of an Indian company, a company statement said.
'Listing on NYSE Euronext enables UK, French and other European investors to have direct access to Infosys ADS. It is a testament to the strong relationship between Indian and the UK and allows UK investors to benefit from the India growth story,' Shibulal said.
Infosys began trading on the NYSE on 12 December 2012 and trades under the ticker symbol INFY. Infosys will also trade on NYSE Euronext under the ticker symbol INFY.
Commenting on the development, UK Prime Minister David Cameron said: 'Infosys is a great example of Indian investment in the UK and I am delighted that they will be the first Indian company to be admitted to trade on NYSE Euronext London this week.'
Bangalore-based Infosys was founded in 1981 by seven people and today has revenues of over $7 billion and employs more than 1.55 lakh people.The globalisation of the Indian technology sector was pioneered by Infosys that now represents 24 per cent of Indian exports and 13 per cent of BSE benchmark index Sensex.
The Euronext listings are intended to attract investors based outside of India and the US, particularly in Europe, to provide greater access to Infosys' ADS among European fund managers.
IT PIONEER PREMJI TO COMMIT MORE FUNDS TO SOCIAL CAUSES
Wipro Chairman Azim Premji on Tuesday said he will commit more of his wealth to philanthropy, as his Foundation scales up work to improve equity and quality of the primary education system in the country.
The business tycoon who is also the Chairman of Azim Premji Foundation, has donated 8.7 per cent of the total stock of Wipro from his personal stock-holding for philanthropy in 2010. This formed the endowment for the Foundation.
In a letter for the first international 'Giving Pledge', group, he said the Foundation currently has 800 people spread across the country: most of whom are working for the betterment of some of the most disadvantaged regions of the country, and others at the Azim Premji University here. ‘The Foundation plans to scale up to 4000-5000 people over the next five years’, Premji said. ‘The developments of the past two years have given me confidence in our scaled up and institutional strategy.
Even as we execute this strategy, I am aware that ensuring stable funding source is critical for its success. I am committed to transferring more of my wealth to scale up the Endowment of the Foundation,’ he said.