Sify Technologies (SIFY) Receives Nasdaq Non-compliance Notice
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Sify Technologies Ltd. Receives NASDAQ Notification Regarding Minimum Bid Price Deficiency
July 24, 2024 8:20 AM EDTCHENNAI, India, July 24, 2024 (GLOBE NEWSWIRE) -- Sify Technologies Ltd. (Nasdaq: Sify) (the Company), a leading integrated information communications technology (or ICT) Solutions and Services provider in India, received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (Nasdaq) indicating that, based upon the closing bid price of the Companys American Depositary Shares (ADSs) for the last 31 consecutive business days, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). Â
The letter also indicated that, in... More
