Sify Technologies (SIFY) has released an update.
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Sify Technologies Ltd. has announced a change in the ratio of its American Depositary Shares (ADSs), resulting in a one-for-six reverse ADS split effective October 4, 2024. This adjustment will not alter ADS holders’ proportional equity interest unless fractional ADSs are involved, and it aims to proportionally increase the ADS price. The ADSs will continue to trade on NASDAQ under the same symbol ‘SIFY’ with a new CUSIP number.
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