SIFY Technologies Limited, a leader in managed enterprise, network, IT and software services in India with global delivery capabilities, have announced their dividend payout to all holders of equity and American depository shares of the company.
Further to the adoption of the financial statements for FY 2017-18 under Indian Accounting Standard (Ind-AS), the board of directors had recommended a dividend of 12 per cent on the face value of equity shares and American depositary shares. The quantum of dividend per ADS shall be equivalent to INR 1.20 per ADS. This is subject to the approval of the shareholders to be sought at the annual general meeting scheduled for Friday, July 6, 2018.
The 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 28, 2018. The payment will be disbursed on or before July 12, 2018.