General Announcement::Update

Issuer & Securities

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

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
28-Dec-2020 22:59:42
Status
New
Announcement Sub Title
Update
Announcement Reference
SG201228OTHRQYFR
Submitted By (Co./ Ind. Name)
3i Infotech Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform that on December 28, 2020, the board of directors of the Company considered and approved the slump sale of the global software products business of the Company (including its worldwide subsidiaries) on a going concern basis to Azentio Software Private Limited (and its affiliates), subject to receipt of requisite approvals and executed inter alia a business transfer agreement between the Company and the Buyer on December 28, 2020 ( BTA ).

The information required pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed herewith as Annexure 1.

The above is for your information and records

Attachments

SGX intimation.pdf
Total size =308K