3I Infotech to raise funds through QIP at Rs 78.60

3i Infotech Ltd has announced that, in respect of issue of equity shares of face value of Rs.10 each of the Company to QIBs under Qualified Institutions Placement in terms of Chapter VIII of the SEBI Regulations, the duly authorized Committee of the Board of Directors of the Company at its meeting held on April 07, 2010 has decided to issue and allot, 229,00,099 fully paid-up equity shares of face value Rs. 10 each at a price of Rs. 78.60 per equity share (including a premium of Rs 68.60 per equity share), aggregating to Rs 179,99,47,781.40 (Rupees one hundred and seventy nine crores ninety nine lakhs forty seven thousand seven hundred and eighty one and forty paise only) and has also authorized the Company to do such acts as deemed necessary to effect the allotment and listing of such equity shares.

The stock closed the day at Rs.76.50, up by Rs.1.05 or 1.39%. The stock hit an intraday high of Rs.77.95 and low of Rs.75.

The total traded quantity was 546909 compared to 2 week average of 534768.

Source : Equity Bulls

Keywords