Infosys expands ADR universe

Infosys sets a new precedent for India on the completion of the largest international equity offering by a domestic IT company.
July 31, 2003

The Indian IT services company raised $256 million pre-greenshoe after New York's close Wednesday following the successful conversion of 2.605 million shares into 5.21 million ADRs. There is a ratio of two ADRs per share.

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