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Market Chatter: Sify Infinit Spaces Defers INR37 Billion IPO Amid Weak Market Conditions

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Sify Infinit Spaces has put its planned 37 billion Indian rupee initial public offering on hold amid weak stock market conditions, Bloomberg reported Tuesday, citing people familiar with the matter.

The India-based data center operator was reportedly targeting a valuation of up to $4.2 billion in the proposed share sale.

The company may revisit the initial public offering when market conditions improve, the people told Bloomberg.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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