Infosys (NYSE: INFY), a global IT services and outsourcing provider, today announced it intends to voluntarily delist its American Depositary Shares from the Euronext Paris and Euronext London stock exchanges. The company stated the primary reason for seeking the proposed delisting is the low average daily trading volume of Infosys ADS on these exchanges, which is not commensurate with the related administrative requirements. 

Infosys ADS will continue to be listed on the New York stock Exchange under the symbol “INFY” and investors can continue to trade their ADS on the NYSE as before.

During the five-year period of the company’s listing on Euronext Paris and Euronext London, the average daily trading volume of the company’s ADS was significantly lower than its average daily trading volume on the New York Stock Exchange, the company stated. The proposed delisting is subject to approval from Euronext Paris S.A. and Euronext London Limited.