General Announcement::Update on completion of the sale of the global software products business of the Company

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
16-Nov-2021 22:09:08
Status
New
Announcement Sub Title
Update on completion of the sale of the global software products business of the Company
Announcement Reference
SG211116OTHR1WG9
Submitted By (Co./ Ind. Name)
3i Infotech Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Further to our prior disclosures dated March 31, 2021 and May 28, 2021, we wish to inform that the Company has completed redemption of the balance outstanding Class B Preference Shares for the one Class B Preference Shareholder to whom payment remained to be done earlier on such terms as agreed between the Preference Shareholders and the Company on November 15, 2021 amounting to Rs.2.50 crores. These Class B Preference Shares could not be redeemed earlier on account of the orders of the Debts Recovery Tribunal of India dated April 15, 2021 and May 11, 2021.

With this redemption, all the Redeemable Non-Convertible Preference Shares of the Company stand redeemed.

Attachments

2021-11-16 - SGX Intimation - Class B redemption.pdf
Total size =164K