3I Infotech Ltd approves allotment of shares to lender under Debt Realignment Scheme Package

3I Infotech Ltd has allotted 1,34,68,574 (One Crore Thirty Four Lakh Sixty Eight Thousand Five Hundred Seventy Four) equity shares of Rs. 10/- each on a preferential basis to SREI Equipment Finance Limited on April 19, 2017 upon their accession to the Supplemental MRA on March 2, 2017.

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 of equity shares.

Shares of 3I INFOTECH LTD. was last trading in BSE at Rs.5.71 as compared to the previous close of Rs. 5.47. The total number of shares traded during the day was 685814 in over 635 trades.

The stock hit an intraday high of Rs. 6 and intraday low of 5.45. The net turnover during the day was Rs. 3860939.

Source : Equity Bulls

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