General Announcement::Allotment of Shares to Lenders under Debt Realignment Scheme DRS Package

Issuer & Securities

Issuer/ Manager
3I INFOTECH LIMITED
Securities
3IINFOTECH US$2.435MCB170726 - XS0308551166 - 3JDB
3IINFOTECUS$125.356M5%CB170426 - XS0769181982 - 2CCB
3IINFOTEUSD16.323M2.5%CB250331 - XS1423751418 - 66DB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
31-Mar-2017 19:49:25
Status
New
Announcement Sub Title
Allotment of Shares to Lenders under Debt Realignment Scheme DRS Package
Announcement Reference
SG170331OTHRSFR1
Submitted By (Co./ Ind. Name)
3i Infotech Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This is to inform you that 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, the Company has allotted 2,79,15,282 Two Crore Seventy Nine Lakh Fifteen Thousand Two Hundred Eighty Two equity shares of Rs.10/- each and 4,78,57,000 Four Crore Seventy Eight Lakh Fifty Seven Thousand 0.10 percentage Cumulative Non-Convertible Redeemable Preference Shares of face value Rs. 5/- each at par Class B Preference Shares on a preferential basis to The Jammu and Kashmir Bank Ltd, Bank of India and United Bank of India upon their accession to Supplemental MRA on March 24, 2017.
Request you to note that 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.

Attachments

SGX Intimation 31march17.pdf
Total size =28K