3i Infotech Ltd allots Equity Shares under Corporate Debt Restructuring ("CDR") Package

Pursuant to the terms of the Master Restructuring Agreement dated March 30, 2012 as amended from time to time (the "MRA") entered into between the lenders subscribing to the CDR Package (the "CDR Lenders") and 3i Infotech Limited (the "Company"), the Company has allotted 1,69,70,618 (One Crore Sixty Nine Lakh Seventy Thousand Six Hundred Eighteen) equity shares of Rs.10/- each at a conversion price of Rs. 19.74 on a preferential basis to DBS Bank Limited, one of the CDR Lenders, on October 07, 2015.

This allotment is subject to the lock-in requirements as stated in the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended from time to time with regard to Preferential Issue.

Shares of 3I INFOTECH LTD. was last trading in BSE at Rs.4.03 as compared to the previous close of Rs. 4.02. The total number of shares traded during the day was 1865328 in over 1385 trades.

The stock hit an intraday high of Rs. 4.22 and intraday low of 3.82. The net turnover during the day was Rs. 7460575.

Source : Equity Bulls

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