Tata Capital withdraws winding up petition against 3i Infotech Ltd

3i Infotech Ltd had earlier announced regarding admission of the winding up petition filed by Tata Capital Financial Services Limited ('TCFSL') against the Company before the High Court of Bombay ('Bombay High Court') by its order dated August 10, 2016 ('Admission Order') and admittance of appeal ('Appeal') preferred by the Company against the Admission Order on September 7, 2016 before the Division Bench of the Bombay High Court ('Division Bench') and grant of stay by the Division Bench on the operation of the Admission Order till the disposal of the Appeal.

We wish to inform you that TCFSL has withdrawn the above mentioned winding up petition filed by it against the Company.

Shares of 3I INFOTECH LTD. was last trading in BSE at Rs.4.19 as compared to the previous close of Rs. 4.26. The total number of shares traded during the day was 705757 in over 617 trades.

The stock hit an intraday high of Rs. 4.35 and intraday low of 4.16. The net turnover during the day was Rs. 2984711.

Source : Equity Bulls

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