Sify Infinit Spaces board approves proposal for initial public offering

SISL’s move to raise capital through public markets signals growth ambitions in the competitive tech sector, with IPO size, timing, and pricing to be announced soon

The board of directors of Sify Infinit Spaces Limited (SISL), a wholly owned subsidiary of Sify Technologies Limited, has approved a potential initial public offering (IPO) of its equity shares, each with a par value of INR 10, the company announced on September 25.

SISL formally disclosed its intention to pursue the IPO to the Bombay Stock Exchange (BSE), which has made the information publicly available on its platform.

IPO details and regulatory restrictions

The company clarified that this announcement does not constitute an offer or solicitation to buy or sell securities in the United States or any jurisdiction where such transactions would be unlawful without registration or qualification under applicable securities laws.

The equity shares proposed for the IPO have not been and will not be registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the U.S. unless registered or exempted. Likewise, these securities are not registered or qualified for sale in any other jurisdiction outside India.

This move signals SISL’s intent to raise capital through the public markets, positioning the company for potential growth and expansion as it navigates the competitive technology and digital services sector. Further details regarding the IPO size, timing, and pricing will be announced in due course.