Syntel, Inc. (NASDAQ: SYNT), a leading provider of integrated information technology and Business Process Outsourcing (BPO) solutions, today announced that it will open the NASDAQ market on Friday, September 28, 2007 at 9:30 a.m. (Eastern). The event celebrates Syntel's 10th year of trading on NASDAQ.
"Syntel is truly honored to open the NASDAQ market as we commemorate 10 years of company growth and outstanding shareholder returns," said Bharat Desai, Syntel Chairman and CEO. "Since becoming a public company in 1997, Syntel's stock has appreciated more than 300 percent and we've returned more than $200 million in dividends to shareholders. I'm also proud of the fact that Syntel is listed on the NASDAQ Global Select Market, which has the highest listing standards of any market in the world as measured by financial and liquidity requirements."
Syntel launched its initial public offering and began listing on NASDAQ in August, 1997. Since then, Syntel has grown exponentially from a regional technology player to a global IT and BPO services firm with almost 10,000 employees worldwide and a market cap of more than $1.6 billion.