Sify Technologies Ltd. Announces Plan to Implement ADS Ratio Change
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, Sept. 18, 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 announced that it will change the ratio of its American Depositary Shares (“ADSs”) to equity shares from the current ratio, where one (1) ADS represents one (1) equity share, to a new ratio, where one (1) ADS will represent six (6) equity shares (the “ADS Ratio Change”). The ADS Ratio Change is expected to become effective on or about 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 h
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- Sify Technologies Limited (NASDAQ: SIFY) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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SIFY
Sec Filings
- 10/22/24 - Form 6-K
- 10/21/24 - Form 6-K
- 10/1/24 - Form 6-K
- SIFY's page on the SEC website