The prospect of a first Indian company achieving a listing on Nasdaq has moved a step closer, with one of the subcontinent's most respected software developers, Infosys Technology, soliciting final bids from investment banks last week. Officials told Euroweek that, although a final decision has yet to be taken on whether to proceed with the plan, the company is keen to move forward and envisages a $50m to $75m ADR offering within six to eight months.
November 28, 1997