3i Infotech allots equity shares and preference shares to lenders
Under debt restructuring scheme
3i Infotech announced that pursuant to the terms of the Supplemental Master Restructuring Agreement dated 29 June 2016 ('Supplemental MRA') to the Master Restructuring Agreement dated 30 March 2012, the Company has allotted 4,70,84,567 equity shares of Rs. 10/- each and 7,81,83,606 0.10% Cumulative Non-Convertible Redeemable Preference Shares of face value Rs. 5/- each ('Class B Preference Shares') at par on a preferential basis to Canara Bank - Mumbai and Export - Import Bank of India upon their accession to Supplemental MRA on 26 September 2017.Powered by Capital Market - Live News
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