Welcome to our dedicated page for Sify Technologie news (Ticker: SIFY), a resource for investors and traders seeking the latest updates and insights on Sify Technologie stock.
Sify Technologies Limited (NASDAQ: SIFY) serves as a leading integrated ICT solutions provider, delivering network connectivity, data center infrastructure, and digital transformation services across India and global markets. This news hub provides investors and business stakeholders with timely updates on corporate developments directly impacting Sify's market position and operational strategy.
Access comprehensive coverage of earnings announcements, strategic partnerships, technology deployments, and leadership updates. Our curated news collection simplifies tracking Sify's progress in key focus areas including enterprise cloud services, managed network solutions, and cybersecurity innovations.
Key content categories include quarterly results analysis, major contract awards, infrastructure expansion announcements, and regulatory filings. All materials are sourced from official company communications and verified financial channels to ensure reliability.
Bookmark this page for streamlined access to Sify's latest business milestones. Combine these updates with our detailed company profile and market analysis tools available on Stock Titan for informed decision-making.
Sify Technologies (NASDAQ: SIFY) has announced the appointment of Ms. Padmaja Chunduru as Director on its Board. Ms. Chunduru, a career banker with extensive experience, has held key positions at State Bank of India and served as MD & CEO of Indian Bank, where she successfully managed a merger with Allahabad Bank. She also led the National Securities Depository (NSDL) as MD & CEO, developing a pioneering DLT Blockchain platform for corporate debt monitoring.
Ms. Chunduru has been recognized as one of the Most Powerful Women in Business by Fortune India and Business Today for 2022 and 2023. She brings valuable experience in integrity, corporate governance, and digital financial initiatives to Sify. The company's Chairman, Mr. Raju Vegesna, welcomed her appointment, highlighting the benefits her expertise will bring to Sify's evolution as a Digital Transformation partner.
Sify Infinit Spaces , a wholly owned subsidiary of Nasdaq-listed Sify Technologies , has announced the successful listing of its first market offering of Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs). The issue, totaling INR 250 crore, was fully subscribed. The 15-year bonds were subscribed at a coupon rate of 8.95% and rated AA- by CARE.
The NCDs were listed on the Bombay Stock Exchange on October 04, 2024. They are secured by Moveable Fixed Assets and Receivables of specific Data Centers. The proceeds will be used to repay outstanding Bank Term loans. Major subscribers include India Infradebt (INR 75 Crore), Kotak Infrastructure Debt Fund (INR 140 Crore), and NIIF Infrastructure Finance (INR 35 Crore). Trust Group acted as the sole arranger for the issue.
Sify Technologies (Nasdaq: SIFY) has announced an ADS Ratio Change effective October 4, 2024. The ratio will change from 1 ADS representing 1 equity share to 1 ADS representing 6 equity shares. This change is equivalent to a one-for-six reverse ADS split. Key points:
- No impact on ADS holders' proportional equity interest
- No change to company's equity shares
- Certificated ADS holders must surrender ADSs for exchange
- Uncertificated ADSs will be automatically exchanged
- Fractional new ADSs will be sold, with proceeds distributed to holders
- ADSs will continue trading on NASDAQ under 'SIFY' symbol
- New CUSIP: 82655M206
The ADS price is expected to increase proportionally, though this is not guaranteed.
Sify Technologies (Nasdaq: SIFY) has announced a significant change to its American Depositary Shares (ADS) ratio. Effective October 4, 2024, the company will implement a 1:6 ADS ratio change, where one ADS will represent six equity shares, compared to the current 1:1 ratio. This change will have the same effect as a one-for-six reverse ADS split for ADS holders.
Key points:
- No change to the company's equity shares
- No impact on ADS holders' proportional equity interest
- Automatic exchange for uncertificated ADSs
- Certificated ADS holders must surrender for cancellation
- Fractional ADSs will be sold, with net proceeds distributed to holders
- Trading continues on NASDAQ under 'SIFY' symbol
- ADS price expected to increase proportionally, but not guaranteed
Sify Technologies (NASDAQ: SIFY) has become India's first NVIDIA DGX-Ready Data Center certified partner for liquid cooling. This certification validates Sify's data center deployment solution to support 130 KW/rack capacity, complying with ASHRAE's 30-year ambient temperature guidelines. The partnership enables Sify to offer high-density supercomputing and powerful performance through scalable AI infrastructure solutions.
Sify's CEO, Sharad Agarwal, highlighted that this certification allows the company to provide complete NVIDIA DGX-powered colocation along with advanced enterprise AI and data science software at their Mumbai-Rabale campus and upcoming facilities in Noida and Chennai-Siruseri. This move positions Sify as a key player in supporting the emerging AI ecosystem in the data center industry.
Sify Technologies (NASDAQ: SIFY) has announced the appointment of Sharad Agarwal as the new CEO of Sify Infinit Spaces , its wholly owned subsidiary. Agarwal brings a wealth of experience in technopreneurship across various domains including ecommerce, logistics, retail, Cloud, and Data Center. Prior to joining Sify, he worked at Vantage and Amazon Web Services, where he gained valuable experience in Data Center business development and capacity delivery.
Raju Vegesna, Chairman of Sify, expressed confidence in Agarwal's ability to drive strategic initiatives and operational excellence. Agarwal himself stated his commitment to maximizing Sify's potential across the entire ICT value chain, focusing on strategic growth, operational efficiency, and delivering cutting-edge solutions to clients and stakeholders.
Sify Technologies (NASDAQ: SIFY) has appointed C R Srinivasan as the CEO of Sify Digital Services , a wholly owned subsidiary. Srinivasan brings over 30 years of experience in global telecom, IT, cybersecurity, and digital services. He has a proven track record in large enterprises, start-ups, and platform-based businesses, with expertise in leveraging technology to enhance customer experiences and develop unique business models.
Prior to joining Sify, Srinivasan led Tata Communications' Cloud and Cybersecurity businesses and co-founded Sevenstrata IT Services. He was also part of the initial team that established Sify's network services. In his new role, Srinivasan will be responsible for building the business both in India and expanding into new territories, focusing on realizing Sify's potential in digital services and contributing to its position as a converged ICT ecosystem leader.
Sify Technologies (Nasdaq: SIFY) has received a notification from Nasdaq regarding a minimum bid price deficiency. The company's American Depositary Shares (ADSs) have not met the required $1.00 per share minimum bid price for continued listing on The Nasdaq Capital Market. Sify has been granted a 180-day compliance period until January 15, 2025, to regain compliance.
If the ADS bid price closes at or above $1.00 for at least ten consecutive trading days before the deadline, Sify will regain compliance. The company's ADSs continue to trade under the symbol 'SIFY'. If compliance is not achieved by January 15, 2025, Sify may be eligible for additional time, subject to meeting other listing requirements. The company is actively monitoring the situation and evaluating options to regain compliance, though there is no guarantee of success.
Sify Technologies (NASDAQ: SIFY), India's leading Digital ICT solutions provider, has announced its Q1 FY 2024-25 earnings call for Tuesday, July 23, 2024, before market opening. The call, previously deferred, will feature key executives including Chairman Raju Vegesna, Executive Director & Group CFO M P Vijay Kumar, and CEO Kamal Nath.
Participants can join via phone at +1-888-506-0062 (US/Canada Toll-Free) or +1-973-528-0011 (International). The call will be simulcast online at Sify's investor relations website. A replay will be available until July 30, 2024, accessible by phone or online archive.
Sify Technologies (NASDAQ: SIFY), a leading Digital ICT solutions provider in India, has announced the postponement of its Q1 earnings call originally scheduled for July 19, 2024, at 8:30 AM ET. The delay is attributed to technical issues on the teleconference vendor platform, which were beyond the company's control. Sify has expressed regret for the inconvenience caused to investors and stakeholders. The company has committed to announcing a new date for the earnings call as soon as the technical problems are resolved, ensuring that investors will receive the quarterly financial update at the earliest possible time.
