Sify Aims to Disburse its First Dividend Payout on July 30

CR Team | Wednesday, 11 June 2014, 11:02 IST

Chennai: Sify Technologies Limited (NASDAQ NM: SIFY), an ICT Solutions and Services company, has announced its first dividend payout on equity and American depository shares of the company to all the holders. The dividend will be paid to the shareholders whose names appear in the register of members of the company and Citibank Depository Register on the record date, June 20, 2014. And the payment will be disbursed on July 30, 2014.

The ISO 9001:2008 certified Sify was established in Chennai in1995. It is one of the largest managed enterprise, network, IT and software services in India with global delivery capabilities. Sify’s telecom network connects 36 Data Centres across India including Sify’s 5 Tier III Data Centres across the cities of Chennai, Mumbai, Delhi and Bengaluru. Apart from the cloud services platform to the SMB community, its major revenue is derived from Enterprise Services, comprised of Telecom services, Data Center services, Cloud and Managed services, Applications Integration services and Technology Integration services.

In April, Sify announced its unaudited results under IFRS for the financial year that ended on March 2014. According to the financial statements for financial year 2013 to 2014 under India GAAP, the board of directors has recommended a dividend of 10 percent on the paid up capital of the equity shares and ADR holders for the year 2013-14. In the annual general meeting scheduled on July 28, 2014, this will be adopted with the approval of the shareholders.