Sify Technologies Announces Intent To Delist ADS Rights From Nasdaq Capital Market
Portfolio Pulse from Benzinga Newsdesk
Sify Technologies has announced its intention to delist its American Depositary Shares (ADS) from the Nasdaq Capital Market.
June 07, 2024 | 8:16 pm
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Sify Technologies has announced its intention to delist its American Depositary Shares (ADS) from the Nasdaq Capital Market. This move could lead to a decrease in liquidity and potentially impact the stock price negatively in the short term.
Delisting from a major exchange like Nasdaq typically reduces the liquidity of the stock, making it less attractive to investors. This can lead to a short-term decrease in the stock price as investors react to the news.
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