Home >> M & A >>
Friday, August 3, 2012 - 17:30 IST
Sify sells stake in MF Global Sify Securities India for $25M
BY TEAM VCC
Sify's international partner and majority owner of the Indian JV, MF Global, filed for bankruptcy last November owing to bad bets on Eurozone debt.
NASDAQ-listed Indian Internet and IT firm Sify Technologies Ltd said it has completed the sale of its entire stake in MF Global Sify Securities India Pvt Ltd for Rs 139 crore ($25 million) in cash.
Already registered? Login
A Premium membership gives you:
- Access to all premium articles including exclusives, analyses & commentary.
- Access to archives of over six years.
- Exclusive interviews with top fund managers, CEOs and bankers.