Sify announces dividend on equity shares of the company for the second year in a row
Sify Technologies Limited (NASDAQ NM: SIFY), a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, announced its dividend payout for the second year in a row to all holders of Equity and American Depository Shares of the company.
Further to the adoption of the financial statements for FY 2014-15 under India GAAP, the Board of Directors had recommended a dividend of 10% on the equity shares and American Depository Shares. The quantum of dividend per ADS shall be equivalent to INR 1 (INR ONE) per ADS.
This is subject to the approval of the shareholders to be sought at the Annual General Meeting scheduled on June 18, 2015.
Dividend will be paid to those shareholders whose names appear in the Register of Members of the company (for India) and Citibank Depository Register (for ADRs) on the Record Date, May 18, 2015. The payment will be disbursed on June 22, 2015.
It may be recalled that Sify had on April 23, 2015 announced their unaudited results under IFRS for the financial year ended March 2015.