Infosys, a global leader in consulting and technology, will be the first Indian company admitted to trading on NYSE Euronext’s (NYX) London and Paris markets from Wednesday, February 20, 2013. To mark the occasion of NYSE Euronext’s first cross listing of an Indian company, S. D. Shibulal, CEO and Managing Director, will be in London to open the market by ringing the bell at 08.00 GMT / 09.00 CET.
UK Prime Minister David Cameron said, "Infosys is a great example of Indian investment in the UK and I’m delighted that they will be the first Indian company to be admitted to trade on NYSE Euronext London this week. This decision is testament to Britain’s position as the gateway of choice for Indian companies wanting to invest in the European Union."
Headquartered in Bangalore, Infosys was founded in 1981 by seven people and today has revenues of over $7 billion, employing more than 155,000 people. Infosys pioneered the globalization of the Indian technology sector that now represents 24% of Indian exports and 13% of India’s Bombay Stock Exchange 30 Sensex.
To celebrate the successful completion of the NYSE Euronext listing process in London, Paris and New York, Mr. Shibulal will travel to New York immediately after opening the market in London on February 20 to ring the closing bell at the New York Stock Exchange (NYSE). In doing so he will become the first NYSE Euronext listed company CEO to ring the Opening Bell for NYSE Euronext European division and the Closing Bell at the NYSE on the same day.
Commented Mr Shibulal, “Listing on NYSE Euronext enables UK, French and other European investors to have direct access to Infosys ADS. It is testament to the strong relationship between India and the UK and allows UK investors to benefit from the India growth story. The listing broadens our trading window between Mumbai and New York and demonstrates our commitment to the region as one of the key drivers of our next phase of growth.”
“By leveraging our platform to reach the European investor community we are delighted to be the partner of choice for Infosys in realizing their strategic ambitions,” said Dominique Cerutti, President and Deputy CEO, NYSE Euronext. “For leading Indian companies, like Infosys, looking to increase their liquidity and visibility, NYSE Euronext provides a unique proposition to the issuer community by facilitating multiple listings under the umbrella of a single stock exchange operator.”
Infosys began trading on the NYSE on December 12, 2012 and trades under the ticker symbol INFY. Infosys will also trade on NYSE Euronext under the ticker symbol INFY.