Sify infinit is said to seek $4.2 billion valuation in India IPO

The unit of Nasdaq-listed Sify Technologies Ltd. has begun investor meetings to raise 37 billion rupees ($407 million) through a share sale in mid-March, the people said, asking not to be identified because the information is private. Deliberations are ongoing and details including the timing and valuation of the IPO could still change, they said.Technology firms and investors are ramping up bets on India’s data-center sector, driven by rising digital consumption, the increasing adoption of artificial intel ...