Infosys brings one of 2005's most successful equity deals

Infosys Technologies Ltd returned to the ADR market after New York's close on Wednesday (May 25) with a second deal to expand its ADR pool. The transaction used the same format as the group's pioneering issue of August 2003, but was much larger in scale comprising a $938 million issue pre greenshoe compared to a $265 million deal last time round.