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Infosys exercises green shoe option in ADS offer

Our Bureau

Bangalore , Aug. 4

INFOSYS Technologies Ltd has informed the BSE that underwriters to the sponsored secondary ADR offering have exercised the green shoe option to purchase up to 7,82,000 additional ADS, representing 3,91,000 equity shares.

Accordingly, the total sponsored secondary ADR offering would rest at 60,00,000 American Depository Shares (ADS), representing 30,00,000 equity shares and the total size of offering is $294 million.

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