Did You Know? Infosys Was The First Indian Company To Be Listed On US Stock Exchange

Co-founded by Narayana Murthy in the year 1981, Infosys is an Indian IT giant which at present is valued at a mammoth Rs 6 trillion. But?more than 24 years ago, Infosys had achieved a feat that no other Indian company had done back then.?

Infosys Is The First India Company To Get Listed On US Stock Exchange

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In March 1999, it was a historic moment for India’s IT industry when Infosys became the first ever Indian company to be listed on the US stock exchange.

Infosys had taken the American Depositor Receipts (ADRs) route with the US public offering of 1,800,000 ADRs at $34 each. The ADRs represented 9,00,000 equity shares and went public on March 11. Infosys then became the first ever India-registered company to be listed on the American stock exchange NASDAQ in the USA.

What Narayana Murthy Said About Infosys’ Historic Feat

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Recalling Infosys' historic feat, Narayana Murthy had said "It was a small step for Nasdaq, but a giant leap for Indian IT (industry)”, paraphrasing Neil Armstrong’s words after he stepped on the moon. While saying so in 2014, Infosys co-founder also said that his most memorable moment came when he sat in front of the scorching lights at NASDAQ and Infosys became the first Indian company to list on a US stock exchange.

Also Read:?'India Best Place To Work During Recession':?Infosys?Co-founder

Just One Of The Many Firsts For Infosys Stock

Besides becoming the first Indian company to be listed on the US stock exchange, Infosys went on to hit many more milestones.?

In 2006, Infosys announced that it would be added to the NASDAQ-100 index, effective December 18, 2006. The NASDAQ-100 index is composed of the 100 largest non-financial stocks on the NASDAQ, in terms of market capitalization. Infosys had become the first Indian company to be added to the NASDAQ-100 index.?

Then in 2013, Infosys became the first Indian company to begin trading on NYSE Euronext’s (NYX) London and Paris markets from February 20, 2013. The move was done to shift Infosys’ American Depositary Shares to the NYSE Euronext in a move it said is intended to increase access to the stock for European investors.

When Did Infosys Get Listed In India?

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Infosys’s IPO was in February 1993 and it was listed on stock exchanges in India in June 1993. Trading had opened at Rs. 145 per share compared to the IPO price of Rs. 95 per share. Currently, Infosys share price is current at about Rs 1468 (on NSE).

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