11:30 AM EDT, 09/18/2024 (MT Newswires) -- Sify Technologies ( SIFY ) said Wednesday it is planning to change the ratio of its American depositary shares to equity shares to a new ratio of one ADS representing six shares.

The current ratio is one ADS representing one share, the company said, adding the ratio change is expected to be effective on or about Oct. 4.

For ADS holders, the ratio change will be the same as a one-for-six reverse ADS split, Sify ( SIFY ) said.

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