Sify Technologies to sell Stake in MF Global India

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Sify Technologies Limited has announced an agreement for sale of their entire stake in MF Global Sify Securities India Pvt Ltd. for an all cash deal.

MF Global Sify Securities India Pvt. Ltd., MF Global Overseas Limited and PhillipCapital Group will buy a majority stake in MF Global Sify Securities India Private Limited according to the terms of the agreement.

The transaction is said to be subject to regulatory and statutory approvals in the respective countries.

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