Software firm 3i Infotech today said it will raise over Rs 317.81 crore through the issue of equity shares on institutional placement basis.     

The board of directors of the company have approved the issuance of up to 37. 5 million equity shares at Rs 84.75 per equity share, thus garnering Rs 317.81 crore, 3i Infotech said in a filing to the Bombay Stock Exchange (BSE).     

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Shares of the company were trading at Rs 86, down 3.21 per cent on the BSE.     

The filing further said that the floor price of the QIP issue was fixed at Rs 84.74 per share, and the relevant date for this purpose is September 17.

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