Infosys Technologies now wants to list on the Nasdaq 100. Shareholders have approved a plan to convert 30 million shares into American Depository Shares, ADS, reports CNBC-TV18.

The price will be decided after underwriters assess the value offered by institutional investors. In 1999 Infosys was the first Indian company to list on the Nasdaq. Narayan Murthy, Chief Mentor of the technology firm says that the move is part of a strategy to boost liquidity and customer confidence.

Narayan Murthy says, “This is dictated by our desire to enhance the comfort level of our customers. This is dictated by our desire at some point of time. As we move forward, we want to be part of a global index. And that will enhance the comfort level of our customers."