Infosys to shift its ADS from Nasdaq to NYSE Euronext
Indian IT major Infosys will shift its American Depositary Shares (ADS) from the NASDAQ to NYSE Euronext. The step is being taken to provide European investors better access to its stock.
What is ADS?
- It refers to US dollar denominated share of any foreign company trading on an American stock exchange.
Why Infosys has chosen NYSE Euronext?
- NYSE Euronext’s equities markets represent nearly 40% of the world’s equities trading and are considered the most liquid of any global exchange group.
- Its tie-ups with exchanges in Europe will allow Infosys to expand its market base by making its stock more visible and accessible to investors in countries such as Germany and France.
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Month: Current Affairs - December, 2012