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NasdaqCM:SIFY
NasdaqCM:SIFYTelecom

Sify Data Center IPO And Karnataka Facility Put Growth In Focus

Sify Technologies (NasdaqCM:SIFY) is pursuing an IPO for its data center subsidiary to fund expansion and refinance debt. The IPO plan is linked to strong demand in AI focused data center capacity. The company is preparing to inaugurate a new data centre facility in Karnataka as part of its digital infrastructure build out. Sify Technologies, trading at $14.63, has recorded a 1 year share price return of 350.2%, alongside a 23.0% return over the past 30 days and 19.1% year to date. These...