Infosys Technologies Ltd, the Bangalore-based global IT major, has priced its sponsored secondary offering of 5.218 million (52,18,000) American Depositary Shares, representing 2.609 million (26,09,000) equity shares at $49 per share.

The shares will be listed on the New York-based Nasdaq stock exchange on Thursday morning when trading commences.

The underwriters have a 7-day option to purchase up to 782,000 additional ADSs, representing 391,000 equity shares.

According to a company statement in Bangalore on Thursday, Infosys will not receive any proceeds of this offering.

"The net proceeds after the issue expenses will be returned to all the selling shareholders within 30 days of the closing of the offer," the statement stated.

Earlier on July 25, the issue concluded with 10,164 offers for 14,863,802 equity shares. The unallocated shares will be returned to the respective shareholders by August 16.

The maximum offer size was 3 million equity shares.

Apart from Infosys chairman and mentor N R Narayana Murthy and CEO Nandan N Nilekani, Nasdaq CEO Robert Greifeld and vice-president Bruce Aust will be present on the listing occasion.

"NASDAQ is the home of category defining companies like Infosys, which have grown within our market," said Bruce Aust, executive vice president, NASDAQ Corporate Client Group.

"With a strong and diversified group of companies based in the region, India is at the forefront of economic reforms and poised for continued expansion. We at NASDAQ believe that our market is the natural home for such growth companies," he said.

The offering was lead-managed by Citigroup Global Markets Inc, Goldman Sachs (Asia) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, while Deutsche Bank Securities Inc and UBS AG were the co-managers to the issue.

Enam Financial Consultants Private Limited was the Indian financial advisor to Infosys. Deutsche Bank Trust Company Americas is the Depositary Bank for the company's ADSs.

With additional inputs from Suman Mazumdar in New York