1. | Sify Technologies Limited, a Company incorporated under the Companies Act, 1956 and having
its Registered Office at 2nd Floor, TIDEL Park, 4 Rajiv Gandhi Salai, Taramani,
Chennai 600 113, India hereinafter referred to as the (“Company”) which expression shall mean
and include its successors, legal representatives, executors, administrators and assigns of
the ONE PART |
2. | Mr Ananda Raju Vegesna, S/o Mr Vegesna Venkata Subba Yesudata Raju, residing at Plot
No.242/A, Road No.18, Opp. Jubilee Hills Police Station, Hyderabad 500 003, India,
Executive Director of the Company, brother and Representative of the entities and affiliates
in India of Mr Raju Vegesna, Chief Executive and Managing Director of the Company hereinafter
referred to as the (“Representative”) which expression shall mean and include his successors,
nominees, legal representatives, executors, administrators and assigns of the OTHER PART. |
(a) | the Original Subscription Agreement was entered between the parties on October 22, 2010
for infusion of funds to fund certain projects, various ongoing capex programmes and future
expansion of business; |
(b) | in pursuance of the Original Subscription Agreement, the Promoters Group have subscribed for
12,50,00,000 (Twelve Crores Fifty Lakhs) Equity Shares of Rs.10/- each at a premium of Rs.22/-
per share for cash aggregating to Rs.400 crores; |
(c) | the Promoters Group has paid the Application and Allotment money of 50% amounting to Rs.200
crores; |
(d) | Further, as per the Original Subscription Agreement, the balance call money is payable in
such installments as may be decided by the Board of Directors of the Company. |
6.2 | Survival of indemnification: Any claim for indemnification pursuant to Article VII must be
initiated on or before September 26, 2013. |
For Sify Technologies Limited
|
For the Representative | |||||
/s/ V Ramasubramanian
|
/s/ Ananda Raju Vegesna
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