Photo: MintNew Delhi: India’s second largest software services firm Infosys on Monday announced its intention to voluntarily delist its American Depositary Shares (ADS) from Euronext Paris and Euronext London exchanges. During the five-year period of the company’s listing on Euronext Paris and Euronext London, the average daily trading volume of the company’s ADS was significantly lower than its average daily trading volume on NYSE, Infosys said in a BSE filing. The proposed delisting is subject to approval from Euronext Paris SA and Euronext London Ltd, it added. Those who opt for the sales facility will be able to sell their ADS on NYSE in accordance with Euronext Paris and Euronext London rules. Until the completion of the proposed delisting, the ADS holders can continue to trade their ADS on the Euronext Paris and Euronext London exchanges, Infosys said.

Source: Mint March 12, 2018 11:37 UTC