3i Infotech to raise Rs.318 Crore via QIP issue
Wednesday, 23 September 2009, 22:27 IST
By SiliconIndia
By SiliconIndia
Mumbai: Software firm 3i Infotech is planning to raise over Rs.317.81 crore through the issue of equity shares on institutional placement basis.
In its filing to BSE (Bombay Stock Exchange), the company said that the board of directors of the company has approved the issuance of up to 37.5 million equity shares at Rs.84.75 per equity share, thus garnering Rs.317.81 crore.
On BSE, shares of the company were trading at Rs.85, down 3.95 percent. The filing further said that the floor price of the QIP issue was fixed at Rs.84.74 per share, and the relevant date for this purpose is September 17.
In its filing to BSE (Bombay Stock Exchange), the company said that the board of directors of the company has approved the issuance of up to 37.5 million equity shares at Rs.84.75 per equity share, thus garnering Rs.317.81 crore.
On BSE, shares of the company were trading at Rs.85, down 3.95 percent. The filing further said that the floor price of the QIP issue was fixed at Rs.84.74 per share, and the relevant date for this purpose is September 17.
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