Bangalore: NASDAQ-listed, Bangalore-headquartered software major Infosys Technologies on July 10 said it plans to despatch the "Invitation to Offer" with respect to the sponsored secondary ADR programme to the shareholders in India by July 12.

The software bellwether gave the update on the matter, as the audited financial results for the quarter ended on June 30, 2003 were released after a Board meeting.

Meanwhile, Infosys said a global banking enterprise has selected it to implement a sourcing strategy for reducing cost, improving the efficiency of internal operations, and enabling a quicker response to business needs for its North American operations.

It has given no further details of the deal.

Infosys also said a large, diversified bank based in the UK has entered into a long-term strategic relationship with the company for its information technology requirements.

"Infosys is also designing and building a research portal for a provider of securities and investment banking functions," the firm said.

Meanwhile, the net addition of employees during the quarter ended June 30, 2003 was 1,739 as compared to 1,298 during the quarter ended March 31, 2003.

PTI