Monday, June 11, 2018

Infy receives approval to delist ADSs from London and Paris Euronext exchanges

InfosysNSE 0.19 % said it had received approval to delist its American Depositary Shares from Euronext Paris and Euronext London. 

In March, the IT company said it planned to voluntarily delist its ADSs from those exchanges as the low average daily trading volume was not commensurate with the related administrative requirements. 

“The delisting procedure will allow Infosys ADSs listed on the Euronext Paris and Euronext London exchanges to be sold on the NYSE. A sales facility will be provided to the holders of Infosys ADSs trading on the Euronext Paris and Euronext London exchanges,” the company said in a statement. 

The sales facility will begin on June 18 and end on June 29. The last day of trading on the ADSs on London and Paris exchanges will be July 4.

The company’s ADSs will continue to trade on the New York Stock Exchange. 

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