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3i Infotech Ltd.

BSE: 532628 Sector: IT
NSE: 3IINFOTECH ISIN Code: INE748C01020
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NSE 05:30 | 01 Jan 1970 3i Infotech Ltd

Outcome of the meeting of Bondholders

August 11, 2016, 6:43 pm | Source: BSE

With reference to the earlier letter dated July 28 2016 informing that the meeting of the holders of the 4.75% Bonds originally convened on July 27 2016 had been adjourned to be held on August 10 2016 for want of adequate quorum 3i Infotech Ltd has informed BSE that the adjourned meeting of the holders of the 4.75% Bonds was quorate and the extraordinary resolution was passed with the requisite majority.

The closing date for settlement of new bonds proposed to be issued in exchange of the outstanding US$ 77.212 Million 5% Convertible Bonds Due 2017 (5% Bonds) and the 4.75% Bonds (together with 5% Bonds the ?Existing Bonds?) and amendment of the Existing Bonds that are not exchanged pursuant to the aforesaid exchange will be announced upon receipt of certain regulatory approvals including from the Reserve Bank of India (RBI) that are to be obtained post the approval of the holders of the Existing Bonds.