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Stock impact report

Sify Technologies Ltd. Announces Key Dates for Rights Offering [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 . The Company's infrastructure comprises state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors, and deep expertise in business transformation solutions modelled on the cloud. The Company today announced its record date and expected subscription period for its previously-announced rights offering to issue up to 250,000,000 new equity shares, including equity shares represented by American Depositary Shares ("ADSs"). In the rights offering, the Company will distribute, at no charge, (1) to the holders of its equity shares, transferable rights to subscribe for new equity shares and, (2) through Citibank, N.A., the depositary for the ADSs (the "Depositary"), to holders of ADSs, transferable rights to subscribe for new equity shares in the form of ADSs. Holders of ADSs will receive 1.36364 ADS rights for each ADS owned of record at 5:00 p.m. New York City time) on May 31, 2024 , wh Show less Read more
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