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Infosys Technologies set to become 1st Indian company on Nasdaq-100

Infosys Technologies set to become 1st Indian company on Nasdaq-100

Software major Infosys Technologies Ltd. was set to become the first Indian company to join an elite Nasdaq grouping when the U.S.-based stock exchange opens for trading Monday.
Nasdaq is including Infosys among its top 100 companies as part of an annual revision to the Nasdaq-100 index.
In a statement issued Sunday, Infosys _ headquartered in the southern Indian city of Bangalore _ said its listing on Nasdaq's benchmark index would bring more global visibility to the company, which already is one of India's best known brands abroad.
Other Nasdaq-100 names _ chosen mostly on the basis of their market worth _ include Microsoft Corp., Google Inc. and Dell Inc.
"Large global index funds are always on the lookout for the best stocks ... this milestone will automatically put us on their radar," said V. Balakrishnan, chief financial officer at Infosys.
Infosys' inclusion follows the company's sponsored secondary offering of 30 million American Depository Shares worth US$1.6 billion (


Updated : 2021-10-23 10:51 GMT+08:00