3i Infotech Ltd approves allotment Of Preference Shares to SREI Equipment Finance Limited

Pursuant to the terms of the Supplemental Master Restructuring Agreement dated June 29, 2016 ('Supplemental MRA') to the Master Restructuring Agreement dated March 30, 2012, 3i Infotech Ltd has allotted 2,14,76,000 (Two Crore Fourteen Lakh Seventy Six Thousand) 0.10% Cumulative Non-Convertible Redeemable Preference Shares of face value Rs. 5/- each at par ('Class B Preference Shares') on a preferential basis to SREI Equipment Finance Limited upon their accession to the Supplemental MRA on March 2, 2017.

Shares of 3I INFOTECH LTD. was last trading in BSE at Rs.4.79 as compared to the previous close of Rs. 4.86. The total number of shares traded during the day was 487711 in over 310 trades.

The stock hit an intraday high of Rs. 4.92 and intraday low of 4.76. The net turnover during the day was Rs. 2347128.

Source : Equity Bulls

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