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3i Infotech to raise up to Rs5 bn via shares

3i Infotech to raise up to Rs5 bn via shares
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First Published: Tue, Jul 28 2009. 06 27 PM IST
Updated: Tue, Jul 28 2009. 06 27 PM IST
Mumbai: Software firm 3i Infotech Ltd on Tuesday said its board had approved raising up to Rs5 billion by selling shares to institutional investors.
The proceeds will be largely used to repay debt, the company said in a statement to the stock exchange.
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First Published: Tue, Jul 28 2009. 06 27 PM IST