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Satyam divests stake in Sify for $ 62.62 million
MUMBAI: Satyam Computer Services Ltd has divested its existing holding of 11,182,600 equity shares of Rs 10 each in Sify Ltd., represented by ADS, to Infinity Capital Ventures LP, a firm controlled by Silicon Valley entrepreneur Raju Vegesna.
The sale was concluded at a price of $ 5.60 per ADSs. The ADSs are priced at a premium by about 7.5 per cent over one month’s daily average price as quoted on Nasdaq market, where Sify’s ADSs are listed and traded.
Consequent to this transaction, Satyam realised a gross consideration of about $ 62.62 million subject to transaction expenses and tax on capital gains.
DSP Merrill Lynch was the advisor to Satyam on the sale of ADSs, while ICICI Securities was the arranger to Sify’s sponsored ADS programme.
Satyam’s divestiture is in line with its stated objective to emerge as pure play IT services and solutions company. With the consummation of this transaction, Satyam has ceased to be a shareholder of Sify, a company that it formed in December 1995, as a strategy to foray into allied businesses and to create long term business and investment value.
As against its original investment of $ 5 million in Sify in 1995, Satyam has received a total gross consideration of about $117 million till date, making it a highly successful and value creating investment for Satyam’s shareholders.
Commenting on the transaction Satyam Computer Services Ltd chairman B Ramalinga Raju said, “The move would enable Satyam to further focus on its core business and unlock value of its investment. Leveraging Satyam’s brand and committed support, Sify has emerged as a strong player in the data and network space in India. I am sure that Sify’s management team will continue to scale up Sify’s growth with the active support of the new investor.”
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UDF poised to return to power in Kerala, says Manorama-CVoter survey
Massive opinion poll projects shift in Kerala politics ahead of 2026 Assembly elections.
MUMBAI: The winds of change appear to be blowing through Kerala’s political landscape and this time, they seem to favour the United Democratic Front. A comprehensive mega opinion survey conducted by Manorama News in partnership with CVoter projects a potential comeback for the UDF in the upcoming Kerala Legislative Assembly Elections 2026. The survey, covering all 140 constituencies with a massive sample size of nearly 90,000 respondents, predicts the UDF could win between 69 and 81 seats.
The ruling Left Democratic Front (LDF) is expected to secure 57 to 69 seats, a significant drop from the 99 seats it won in the 2021 elections. This would mean the LDF losing 30 to 42 of its sitting seats. Meanwhile, the National Democratic Alliance (NDA), which drew a blank in 2021, is projected to open its account with 1 to 5 seats.
Region-wise, the UDF is expected to make strong gains in Malabar, winning 25 to 34 out of 48 seats, and in Central Kerala, where it could bag 29 to 33 out of 53 seats. In South Kerala, the LDF is likely to retain an edge with 21 to 25 seats, while the UDF may improve to 12 to 16 seats. The NDA could pick up 1 to 3 seats in the southern region.
The survey was conducted between 14 and 26 March 2026, with additional tracker and snap polls carried out from December 2025 to March 2026. A total of 89,693 respondents participated, ensuring representation across all demographics and social segments.
Manorama News has a strong track record of accuracy, with its previous projections closely matching the actual results of the 2019 and 2024 Lok Sabha elections as well as the 2021 Kerala Assembly polls.
In Kerala’s famously fierce political battles, this survey suggests the pendulum may be swinging back. Whether the final verdict matches these numbers or throws up another surprise, one thing is clear, the 2026 Assembly elections are shaping up to be one of the most keenly watched contests in the state’s history.
