Sify ADR zooms 50%
Chennai: The American depositary receipts (ADR) of Nasdaq-listed Satyam Infoway Ltd (Sify) rose 49.6 per cent to close Fridays trading session at $1.88 per ADR.

The stock witnessed huge volumes with about 6.44 lakh shares changing hands. Sify has had a steady run up during the last week to rise from $0.80 levels.

Satyam Computers (the parent company of Sify) had announced in late October 2001, its intention to divest its stake in Sify in favour of a strategic partner.
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