Sify Infinit Spaces Ltd. pauses its planned initial public offering, according to people familiar with the matter, citing prevailing conditions in India’s stock market. Bloomberg reports the company holds a roughly 37 billion rupee (about $391 million) IPO. Business Line similarly says the listing is put on hold and frames the offer as a significant deal sized at about ₹3,700 crore. Both reports indicate the company had been preparing a listing as the first “pure-play” Indian data centre operator, aiming to tap public markets. Business Line adds that the proposed IPO sought a valuation of up to $4.2 billion, suggesting the company’s pricing targets were part of the consideration. The decision reflects a wider pattern in which multiple companies delay share sales amid softness in market activity and investor sentiment. No official timeline for resuming the IPO is provided in the two accounts, and the reports do not cite a specific regulatory or company-specific trigger beyond the general market backdrop.