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Bangalore , May 6

INFOSYS Technologies's second sponsored ADR offering of 1.6 crore American Depository Shares will open on May 9.

In a notice to the BSE on Friday, the company said the issue will close on May 19. If it goes through, the ADS float will increase by six percentage points, taking the total to 14 per cent. Conversely, it will reduce the float on the Indian exchanges by 1.6 crore shares.

The price of listing will be discovered through the book-building route.

Infosys shares at the Nasdaq was trading at $62.37 ; the company's shares closed at Rs 2,021.35 on the BSE on Friday.

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