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Sify Technologies Limited Concludes Sale of Entire Stake in MF Global Sify Securities India Pvt Ltd
Sify Technologies Limited announced the conclusion of the sale of their entire stake in MF Global Sify Securities India Pvt Ltd as reported earlier in March 2012. Necessary Regulatory and statutory ‘no objection approvals’ for change in control have been received. The aggregate amount received by Sify against the aforementioned stake and the rights therein is INR139 crores (INR1.39 billion) (USD 25 million) in cash.
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