Infosys on NASDAQ-100 Index

Infosys technologies will be included in NASDAQ-100 index from December 18. Infosys will be the first Indian company to be included in the global index.

The NASDAQ-100 comprises of 100 large non financial companies listed in NASDAQ. Infosys will be weighed along with elite Global tech majors like Amazon.com, Google, Yahoo and eBay.

The share price of Infosys stood at $55.03 on NASDAQ as of December 08, 2006, taking its market capitalization to $5,929,922,740. Infosys listed in 1999 on NASDAQ and it is the first Indian company to ring NASDAQ opening bell remotely from Mysore,India in July 2006. Its promotion to the elite index was expected when the shareholders approved $1.6 billion of secondary offering of ADS in Nov 2006.