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 01:41:05
Status
New
Announcement Sub Title
Update on completion of the sale of the global software products business of the Company
Announcement Reference
SG211116OTHRQLAS
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 disclosure dated March 31, 2021, we wish to inform that the Company has, on November 12, 2021, upon receipt of regulatory approvals, completed the sale of the software product business of its subsidiary in Saudi Arabia on a going concern basis to Azentio Software Private Limited (and its affiliates) ( Buyer ), pursuant to inter alia the business transfer agreement dated December 28, 2020 executed between the Company and the Buyer.

For additional information, please refer the attached intimation.

Attachments

2021-11-15 - SGX Intimation - KSA closing.pdf
Total size =536K