Wednesday, May 22, 2024

Equity Corporate Actions Alert #2024 - 249
Distribution Information for Sify Technologies Ltd. (SIFY)

Category:

  • Industry Announcement

Markets Impacted:

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On May 21, 2024, Sify Technologies Ltd. (SIFY) announced a distribution of rights to shareholders of its American Depositary Shares (ADS) of record on May 31, 2024. A market for Sify Technologies Ltd. ADS Rights (SIFYR) is expected will begin trading on Nasdaq on a date to be announced. The details for the distribution and ADS rights market are as follows

Company Name/Issue: Sify Technologies Limited American Depositary Shares
CUSIP: 82655M107
Symbol: SIFY
Record Date: May 31, 2024
Payment Date: June 7, 2024
EX Date: TBA; Pending SEC effectiveness
Expiration Date: June 21, 2024 at 2:15 PM ET
Due Bill Redemption Date: TBA
Rate of Distribution:
 1.36364 transferable ADS rights for each ADS held. .73 of an ADS right entitles the ADS holder to purchase one share of Sify Technologies Limited ADS (SIFY) at a subscription price of $.12 (plus .02 depositary fee).
A market will be established for the rights of Sify Technologies Ltd. (SIFYR) on the Nasdaq Capital Market. The details for this market are as follows:

Symbol: SIFYR
CUSIP: 82655M115
First Trade Date: TBA
Suspension Date: TBA

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523

If you would like to register as a market maker in SIFY or SIFYR contact Nasdaq Trading Services at +1 212 231 5100