Sify’s Infinit Spaces Gets Board Nod for Potential IPO

09/26/2025 – 08:34 AM

CHENNAI, India, Sept. 26, 2025 (GLOBE NEWSWIRE) — Sify Infinit Spaces Limited (“SISL”), the colocation-focused subsidiary of Sify Technologies Limited (“Sify”), is moving forward with plans for a potential IPO. On September 25, 2025, SISL’s board approved the proposed initial public offering (“IPO”) of its equity shares, each having a par value of INR 10 (“Equity Shares”). SISL informed BSE Ltd. of the approval, making the information publicly accessible on their platform.

The proposed IPO aims to unlock capital for SISL to further expand its data center footprint and cater to the burgeoning demand for colocation services in India, particularly from hyperscalers and enterprises adopting cloud-first strategies. This move reflects the broader trend of specialized infrastructure providers separating from their parent companies to attract targeted investment and streamline operations. Analysts suggest that the IPO could value SISL in the hundreds of millions of dollars, depending on market conditions and investor appetite.

“This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction,” the company stated.

“The securities referred to in this announcement have not been and will not be registered in the U.S. under the Securities Act of 1933, as amended (“Securities Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The securities referred to in this announcement have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside of India.” This restriction limits the IPO to Indian investors, a strategic decision likely influenced by regulatory considerations and the desire to maintain control within the domestic market. While excluding U.S. investors may limit the initial capital raise, it simplifies compliance and allows SISL to focus on its core Indian market.

About Sify Infinit Spaces Limited

Sify Infinit Spaces is Sify Technologies’ subsidiary specifically catering to the colocation demands of Hyperscalers, Enterprises and neo-Cloud prospects. Currently, the portfolio hosts 14 Data Centers across 6 cities as of June 2025.

SISL’s infrastructure comprises Data Centers, partnership with global technology majors and expertise in business transformation solutions modelled on the cloud. We have a diversified client base of over 500 clients, as of June 30, 2025, which comprises a mix of prominent Hyperscaler and Enterprise clients.

The success of the IPO will hinge on SISL’s ability to demonstrate a clear growth strategy, robust financial performance, and a compelling value proposition for investors. The expanding Indian data center market, driven by increased internet penetration, digital transformation initiatives, and data localization regulations, provides a favorable backdrop for SISL’s IPO. However, the company will face competition from both domestic and international players vying for market share. Successful execution and strategic partnerships will be crucial for SISL to capitalize on the opportunity.

Forward Looking Statements

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2025, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

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