3i Infotech QIP issue opens

3i Infotech Ltd has announced that, pursuant to the authorization given by the Members of the Company under section 81(1A) of the Companies Act, 1956 and other applicable guidelines, the Company has decided to make an issuance of equity shares of face value of Rs 10 each of the Company through the Qualified Institutions Placement (QIP) route. In this regard, the Committee of Directors in their meeting held on September 17, 2009 has decided to launch the issue.

The stock was trading at Rs.89.70, up by Rs.1.55 or 1.76%. The stock hit an intraday high of Rs.90.85 and low of Rs.88.10.

The total traded quantity was 1061497 compared to 2 week average of 676687.

Source : Equity Bulls

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