Sify sells out : Biggest dotcom deal since the tech bust

Sify Limited, India’s premier Internet, network and eCommerce services company, and Satyam Computer Services Limited, announced today the acquisition of Satyam’s 31.61% of Sify’s shares for US $5.60 per share in cash by Infinity Capital Ventures, LP, a company controlled by Silicon Valley entrepreneur Raju Vegesna. The total purchase price for the Satyam shares is US $62.6 million.
This is the biggest dot come deal in India post the dotcom crash. Sify was founded in 1998 with $5 million. Sify’s cybercafe and corporate IP/ISP services business are major revenue generator services. Read official press release online.

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