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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (3722)	2/14/1999 12:51:00 PM
From: Mohan Marette	Read Replies (2) of 12475

Infosys Tech registers for ADR with SEC-damn finally,pheeeew! Infosys registers for ADR shares in US BANGALORE, February 12: The much awaited ADR issue from Infosys Technologies will now come up soon with the company is planning a public offering of American Depositary Shares in the United States.Insfosys Technologies Limited is believed to have filed a registration statement with the Securities and Exchange Commission on February 12, proposing public offering of 1,800,000 American Depositary Shares, representing 900,000 equity shares. Infosys had earlier received India government's nod for an offering representing shares with a total value of upto US$75 million and the creation of an ADR-based option for the company employees was also granted. According to sources NationsBanc Montgomery Securities LLC, BancBoston Robertson Stephens, BT Alex Brown and Thomas Weisel Partners LLC are to be the managing underwriters of the offering. Infosys has appointed Nandan M. Nilekani to the post of managing Director / president and chief operating officer. N.R. Narayana Murthy, will be the chairman and CEO of the company.

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