Sify Technologies (SIFY) has released an update.
Sify Technologies Ltd., a prominent ICT solutions provider in India, has announced an upcoming ADS Ratio Change where one American Depositary Share will represent six equity shares, effective October 4, 2024. This adjustment will function similarly to a one-for-six reverse stock split, without altering shareholders’ proportional equity interests, barring fractional ADSs. The company’s shares will continue trading on NASDAQ under the ticker ‘SIFY’, and the change is anticipated to proportionally increase the ADS price, although future prices cannot be guaranteed.
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