Sify Technologies Faces NASDAQ Compliance Challenge

Sify Technologies (SIFY) has released an update.

Sify Technologies Ltd., a prominent ICT solutions provider in India, has been notified by NASDAQ of a minimum bid price deficiency after their American Depositary Shares (ADSs) fell below the required $1.00 threshold for 31 consecutive days. The company has until January 15, 2025, to regain compliance, with a possible extension period if necessary criteria are met. During this period, their ADSs will continue to be traded on the Nasdaq Capital Market under the symbol ‘SIFY’.

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