Sify Technologies Ltd. Regains Compliance with Nasdaq Minimum Bid Price Requirement
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. 21, 2024 (GLOBE NEWSWIRE) -- Sify Technologies Ltd. (Nasdaq: Sify) (the “Company”), a leading integrated information communications technology (or ICT) Solutions and Services provider in India, received a letter (the “Notification Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) on October 18, 2024, informing the Company that it has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) and the matter is closed. As announced in July 2024, the Company was notified by Nasdaq that it was not in compliance with the Minimum Bid Price Requirement, as the closing bid price of the Company's American Depositary Shares ("ADSs") had been below $1.00 for 30 consecutive business days. Effective October 4, 2024, the Company effected a 1-for-6 ratio change of its ADSs. The Notification Letter confirmed that the Company evidenced
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- Shareholders in Sify Technologies (NASDAQ:SIFY) are in the red if they invested three years ago [Yahoo! Finance]Yahoo! Finance
- Sify Technologies Partners with Cisco ThousandEyes to Help Enterprises Accelerate their Digital Transformation JourneyGlobeNewswire
- Sify Technologies Limited (NASDAQ: SIFY) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- India Colocation Data Center Portfolio 2024-2028: Detailed Analysis of 119 Existing and Upcoming Data Centers with NTT Global Data Centers Being the Largest Operator [Yahoo! Finance]Yahoo! Finance
- Sify Technologies announces the launch of GPU Cloud Sify CloudInfinit+AI [Yahoo! Finance]Yahoo! Finance
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