3i Infotech to issue equity shares / equity linked instruments to raise resources

3i Infotech Ltd has announced that the Board of Directors of the Company at its meeting held on January 17, 2007, inter alia, has transacted the following:

1. The Board has appointed Mr. Amar Chintopanth, Chief Financial Officer (CEO) as Executive Director & CFO at the aforesaid meeting.

2. The Board has passed a resolution authorizing the issue of further equity shares / equity linked instruments to raise resources from the domestic or international markets of upto 2 crore shares subject to shareholders and other requisite approvals.

Source : Equity Bulls

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