One of the most recognized software companies in India Satyam Computer Services Ltd. has sold its entire stake in its former subsidiary Sify Limited. They sold the remaining share of around 31.61 percent in Internet firm Sify Ltd. to U.S.-based Infinity Capital Ventures Ltd. for $62.62 million.
Infinity Capital has also bought additional 6.7 million new shares of Sify worth $37 million at about $5.60 each in a separate cash transaction as per the statement released by Sify. Satyam says that with their stake in Sify gone, they can now concentrate on IT services and unlock the value of its investment.
More: http://broadbandforum.co/299/101...-stake-in-sify/
Infinity Capital has also bought additional 6.7 million new shares of Sify worth $37 million at about $5.60 each in a separate cash transaction as per the statement released by Sify. Satyam says that with their stake in Sify gone, they can now concentrate on IT services and unlock the value of its investment.
More: http://broadbandforum.co/299/101...-stake-in-sify/