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Infosys gets approval for voluntarily delisting of ADS 12/06/2018 09:26

Infosys Limited has said that it has voluntarily delisting of its American Depositary Shares (“ADSs”) (ISIN US4567881085) from the Euronext Paris and Euronext London exchanges has been approved by the Board of Directors of Euronext Paris SA and by Euronext London Limited.

The primary reason for this delisting is the low average daily trading volume of Infosys ADSs on Euronext Paris and Euronext London, which is not commensurate with the related administrative requirements. During the 5-year period of the listing on Euronext Paris and Euronext London, the average daily trading volume of Infosys ADSs was significantly lower than its average daily trading volume on the New York Stock Exchange (NYSE).

Meanwhile, shares of the company were trading at Rs 1252 apiece, down 0.87 per cent from the previous close at 09:25 hours on BSE.

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