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Sify Tech migrates to IFRS

CHENNAI: Sify Technologies is migrating its Financial reporting to the International Financial Reporting Standards (IFRS). Sify’s financial results were announced previously under US GAAP up to the quarter ended December 31, 2007. The Indian GAAP is now based on IFRS with a full convergence expected to happen in 2011. Sify will release its fourth quarter and annual results for the year ending March 31, 2008 prepared under IFRS. — Corporate Reporter

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