BENGALURU: Infosys plans to voluntarily delist its American Depositary Shares from Euronext Paris and Euronext London exchanges, as the low average daily trading volume was not commensurate with the related administrative requirements.
The Bengaluru-headquartered company said there would be no changes to its shares and ADS count, its capital structure and float as a result of its proposed delisting from the exchanges. Infosys ADS will continue to be listed on the New York Stock Exchange.
The delisting is subject to approval from Euronext Paris and Euronext London .
"Subject to the approval of the proposed delisting by Euronext Paris S.A. and Euronext London Limited, a sales facility will be provided by the company to the holders of ADS trading on the Euronext Paris and Euronext London exchanges. ADS holders, who opt for the sales facility will be able to sell their ADS on the NYSE in accordance with Euronext Paris and Euronext London rules," the company said in a statement.
The company said that ADS holders who do not opt for the sales facility can continue to keep their ADS and would be able to trade them on the NYSE.