Infosys share price rose over 3% in intra-day deals on Monday, December 22 after the IT major issued a clarification after Infosys ADRs surged as much as 56% to hit a high of $30 on the NYSE during Friday’s trade
Infosys ADRs later pared gains to settle at $20.22, up 5.42%.
On the surge, Infosys, however, clarified that there were no material events that required disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
“This communication is being issued in the interest of transparency and to avoid any unwarranted speculation. Consistent with its practice, the company will continue to adhere to its obligations under Regulation 30 of the SEBI Regulations,” it said.
