Sify Technologies Ltd. Rights Offering Over-Subscribed [Yahoo! Finance]
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: Yahoo! Finance
technology (or ICT) Solutions and Services provider in India , today announced that its recent rights offering was over-subscribed. The subscription period for the equity share rights expired at 6:00 p.m. Chennai, India time) on June 21, 2024 . The subscription period for the American Depositary Share ("ADS") rights expired at 2:15 p.m. New York Time on June 21, 2024 . Subscription rights that were not exercised prior to the end of the subscription period have expired. Any excess subscription payments received which remain with the Company or Citibank, N.A., acting as ADS Rights Agent, will be returned to the applicable holders. The Company expects to issue an aggregate of 190,268,698 equity shares and 59,730,265 ADSs (each representing one equity share) pursuant to the exercise of subscription rights during the rights offering, raising gross proceeds of approximately $30 million before any expenses of the rights offering. Following the issuance of the new equity shares and ADSs,
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News
- Sify Technologies Limited (NASDAQ: SIFY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Sify Technologies Ltd. Rights Offering Over-SubscribedPR Newswire
- India Data Center Market Investment Analysis & Growth Opportunities 2024-2029 Featuring Key DC Investors - AWS, Nxtra, CtrlS, Cyfuture, NTT, Sify, VueNow, Microsoft, , Web Werks, & Yotta Among Others [Yahoo! Finance]Yahoo! Finance
- Sify Technologies Limited (NASDAQ: SIFY) is now covered by analysts at StockNews.com. They set a "hold" 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
- 6/28/24 - Form 6-K
- 6/11/24 - Form SC
- 6/7/24 - Form 25
- SIFY's page on the SEC website