Sify Technologies Ltd. Announces ADS Ratio Change to Be Effective on October 4, 2024
Sify Technologies Limited - American Depository Shares, each represented by one Equity Share (SIFY)
US:NASDAQ Investor Relations:
cloud.sify.com/investor-relations.html
Company Research
Source: GlobeNewswire
CHENNAI, India, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Sify Technologies Ltd. (Nasdaq: Sify) (the “Company”), a leading integrated information communications technology (or ICT) Solutions and Services provider in India, today announces that the previously announced ratio change of its American Depositary Shares (“ADSs”) to equity shares from one (1) ADS representing one (1) equity share to one (1) ADS representing six (6) equity shares (the “ADS Ratio Change”) will become effective on October 4, 2024 (the “Effective Date”). For the Company’s ADS holders, the ADS Ratio Change will have the same effect as a one-for-six reverse ADS split and will have no impact on an ADS holder’s proportional equity interest in the Company, except to the extent that the ratio change would have resulted in an ADS holder owning fractional ADSs. There will be no change to the Company’s equity shares. On the Effective Date, registered holders of the Company’s ADSs held in certificated form will be required on
Show less
Read more
Impact Snapshot
Event Time:
SIFY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SIFY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SIFY alerts
High impacting Sify Technologies Limited - American Depository Shares, each represented by one Equity Share news events
Weekly update
A roundup of the hottest topics
SIFY
News
- Sify Technologies Limited (NASDAQ: SIFY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Sify Technologies Ltd. Announces Plan to Implement ADS Ratio ChangeGlobeNewswire
- Sify Technologies Limited (NASDAQ: SIFY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Sify Technologies Limited (NASDAQ: SIFY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Sify Technologies Limited (NASDAQ: SIFY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
SIFY
Sec Filings
- 10/1/24 - Form 6-K
- 9/18/24 - Form 6-K
- 9/18/24 - Form F-6
- SIFY's page on the SEC website