Dec 10, 2006

Infosys will get greater branding, visibilty

Bangalore-based software giant Infosys will join the likes of eBay, Yahoo, Microsoft, Google, Dell and Cisco as a member of the elite Nasdaq-100 Index on December 18.
The exchange revises this index this time every year. Infosys timed itself perfectly to ensure that it fulfils all parameters to make it to the index this year.

The exchange requires a minimum stock float which the company's recently completed $1.6 billion sponsored ADS issue provided. Infosys now has a stock float in the US of 19.35%.

The annual re-ranking of the Nasdaq-100 Index is an objective, transparent process that culminates in the formation of a select group of companies in a global benchmark that is the basis of dozens of licensed innovative investment products throughout the world

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