Sify Technologies - Rights Offering Provides Opportunity

Yahoo Finance Regulatory Filings Regulatory Filings Unfortunately, Interactive Brokers does not have ADS available for borrowing at this point, which is hardly a surprise, given the compelling arbitrage opportunity. Year-to-date, the company's ADS have mostly traded in a range between $1.20 and$1.40: As the rights offering does not change Sify's fundamentals and actually adds $30 million in new capital to the balance sheet, the following calculation is based on a targeted market capitalization of$270 mill ...