Sify Infinit Spaces Limited potential IPO receives Board approval
Rhea-AI Summary
Sify Infinit Spaces Limited (SISL), a wholly owned subsidiary of Sify Technologies Limited (NASDAQ:SIFY), has received board approval for a potential Initial Public Offering (IPO) of equity shares with a par value of INR 10 each. The announcement was made on September 25, 2025, with SISL disclosing the approval to BSE Ltd.
The company clarified that this announcement does not constitute an offer to sell securities in the United States or other jurisdictions where such offers would be unlawful without proper registration. The securities will not be registered under the U.S. Securities Act of 1933 and will only be available for trading in India.
Positive
- Board approval received for potential IPO, indicating strategic growth plans
- SISL's IPO could provide new funding opportunities and enhance market visibility
- Being a wholly-owned subsidiary of established Sify Technologies adds credibility to the IPO
Negative
- Securities will not be available for U.S. investors due to registration restrictions
- Limited to Indian market trading only, restricting global investor participation
News Market Reaction – SIFY
On the day this news was published, SIFY gained 8.78%, reflecting a notable positive market reaction. Argus tracked a peak move of +5.0% during that session. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $76M to the company's valuation, bringing the market cap to $939M at that time.
Data tracked by StockTitan Argus on the day of publication.
CHENNAI, India, Sept. 26, 2025 (GLOBE NEWSWIRE) -- On September 25, 2025, the board of directors of Sify Infinit Spaces Limited (“SISL”), a wholly owned subsidiary of Sify Technologies Limited (“Sify”), approved a potential initial public offering (“IPO”) of equity shares of SISL, having par value INR 10 (“Equity Shares”) each. SISL disclosed such approval and intention for an IPO with BSE Ltd., which made the information publicly available on its website.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The securities referred to in this announcement have not been and will not be registered in the U.S. under the Securities Act of 1933, as amended (“Securities Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The securities referred to in this announcement have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside of India.
About Sify Infinit Spaces Limited
Sify Infinit Spaces is Sify Technologies’ subsidiary specifically catering to the colocation demands of Hyperscalers, Enterprises and neo-Cloud prospects. Currently, the portfolio hosts 14 Data Centers across 6 cities as on June 2025.
SISL’s infrastructure comprises Data Centers, partnership with global technology majors and expertise in business transformation solutions modelled on the cloud. We have a diversified client base of over 500 clients, as of June 30, 2025, which comprises a mix of prominent Hyperscaler and Enterprise clients.
Forward Looking Statements
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2025, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.
For further information, please contact:
| Sify Technologies Limited Praveen Krishna Investor Relations & Public Relations +91 9840926523 praveen.krishna@sifycorp.com | 20:20 Media Nikhila Kesavan +91 9840124036 nikhila.kesavan@2020msl.com | Luri Group Lucia Domville 646.824.2856 lucia.domville@lurigroup.co |
FAQ
What did Sify Infinit Spaces Limited (SISL) announce regarding its IPO plans?
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What is the par value of SISL's proposed IPO shares?
