06-08-2025
Sify Data-Center Unit Is Said to Plan $500 Million IPO
Sify Technologies Ltd. 's data-center unit is preparing to submit a preliminary filing with the Indian regulator for an initial public offering that may fetch $500 million, according to people familiar with the matter.
The unit, Sify Infinit Spaces Ltd., plans to file a so-called draft red herring prospectus with the Securities and Exchange Board of India in the coming weeks, according to people, who asked not to be named discussing a private matter. The company, backed by Kotak Private Equity Group, is considering the sale of new and existing shares for the offering, which would value it at about $3 billion, they said.
