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Sify plans to raise additional capital.
CHENNAI, Feb. 27 SATYAM Infoway Ltd (SIFY) is actively exploring opportunities to raise additional capital, which could be in the form of debt, equity or a combination of both, the company has said in its latest Form K-6 filing with the Securities and Exchange Commission (SEC) a few days ago. The statement added that this was in order to provide further financial flexibility.
"We have been discussing this (additional funding) for some time. Further, the filing is only an enabling resolution," said the company's spokesperson.
Sify has said that its ability to raise funds through the sale of equity was limited by foreign ownership restrictions imposed on the …
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