AZB & Partners advises Infosys Limited in relation to applicable Indian regulations. In March 1999, Infosys Limited, had issued and listed 2,070,000 American Depository Shares (“ADS”) on the NASDAQ National Market (“NASDAQ”). The Company completed secondary ADS issuances in July 2003, June 2005 and November 2006 of USD 294 million (approx. INR 16 billion), USD 1.1 billion (approx. INR 59.93 billion) and USD 1.6 billion (approx. INR 87.18 billion) respectively.

The Company de-listed the ADS from NASDAQ and listed the same on the New York Stock Exchange. On February 20, 2013, the ADS were listed for trading on the NYSE Euronext’s London and Paris Markets. The concerned partner for the deal was Shameek Chaudhuri & associate Manan Mehta.