In a statement, the Nasdaq-listed firm said the underwriters had a seven-day option to purchase up to 782,000 additional ADS, which are the equivalent of 391,000 shares.

The company earlier this month gave the Indian shareholders an option to convert their Indian-held shares into ADS on a one for two basis.

The offering, lead-managed by Citigroup, Goldman Sachs and Merill Lynch and Co. and co-managed by Deutsche Bank Securities and UBS Investment Bank, involves 2.61 million domestically held shares.

Infosys shareholders in February approved the ADS programme aimed at enhancing the liquidity of their global float.

Infosys' net profit in the first quarter to June rose 28 percent to 2.8 billion rupees (46.1 million dollars) from 2.1 billion rupees the year before while sales shot up 41.4 percent to 10.8 billion rupees.

Infosys clocked software export revenues of 35.4 billion rupeesmillion dollars) during the last fiscal year to March 2003.

SPACE.WIRE