General Announcement::Update on completion of the sale of the global software products business of 3i Infotech Limited

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
29-May-2021 00:32:26
Status
New
Announcement Sub Title
Update on completion of the sale of the global software products business of 3i Infotech Limited
Announcement Reference
SG210529OTHR938Q
Submitted By (Co./ Ind. Name)
3i Infotech Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
In furtherance to our prior disclosure dated March 31, 2021, we wish to inform that the Company has completed redemption of outstanding Preference Shares (i.e. Class A and Class B) except one Preference Shareholder of Class B on such terms as agreed between the Preference Shareholders and the Company on May 27, 2021 amounting to Rs.431.01 crores.

The Company will convene a separate Board Meeting to obtain approval of the Board for change in terms of redemption of outstanding Foreign Currency Convertible Bonds ( FCCBs ) and for fixing the record date for repayment of outstanding FCCBs to Bondholders post receipt of approval from Reserve Bank of India ( RBI ) and necessary intimations regarding the same will be sent to the Stock Exchanges.
The above is for your information and records.

Attachments

SGX.pdf
Total size =365K