3i Infotech completes FCCB issue

3i Infotech Ltd has announced that the Company has completed the FCCB issue, which has been fully subscribed. The Company has received the entire subscription amount of $100,000,000. Global Certificates have also been issued against aforesaid bonds.

The members at the 14th Annual General Meeting (AGM) of the Company held on July 25, 2007, have approved the issue of bonus shares in the ratio of 1:1 (i.e. one new equity share for one existing equity share). The said shares shall rank parri passu with the existing shares of the Company.

The stock closed on Friday at Rs.298.75, down by Rs.8.05 or 2.62%. The total traded quantity was 137148 compared to 2 week average of 110600. The stock hit an intraday high of Rs.303 and low of Rs.294.

Source : Equity Bulls

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