Infosys Prices ADSs

The company raises $1.6 billion for shareholders.
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System-software company

Infosys Technologies

(INFY) - Get Report

said it priced its secondary offering of 30 million American depositary shares at $53.50 each, raising $1.6 billion for shareholders.

Out of the total, 5 million ADSs will be placed with Japanese investors through a public offer without listing.

The India-based company won't receive any proceeds of the offering, with the net proceeds being distributed to existing local equity shareholders.

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