What is the latest news of 3i Infotech?

What is the latest news of 3i Infotech?

3I INFOTECH LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/01/2022 ,inter alia, to consider and approve Pursuant to Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of …

Will 3i Infotech share go up?

Will 3i Infotech stock price grow / rise / go up? Yes. The 3i Infotech Ltd stock price can go up from 62.200 INR to 72.861 INR in one year.

Is IT good to invest in 3i Infotech?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of 3I Infotech Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Why is 3i Infotech going up today?

Since its relisting, 3i’s stock has climbed 40 per cent and is expected to rise further as restrictive trading rules prolong the fair price discovery process. Aggressive acquisition strategy since 2007, led to piling up of debt at 3i pushing the company to bankruptcy.

What is the future of 3i Infotech?

In the near future, 3i Infotech will be adding artificial intelligence/machine learning engineers and data scientists for 5G-powered cognitive services, he added. The company had earlier announced that it aims to achieve organic revenue growth of USD 1 billion by 2030.

What is intrinsic value of 3i Infotech?

Larsen and Toubro Infotech

As Of Intrinsic Value Market Price
31 Dec 2021 Rs. 2,410.05 Rs. 7,332.00
17 Feb 2022 —- Rs. 5,934.20
-68.70 -1.16%

What is the target of 3i Infotech?

3i Infotech Limited 3IINFOTECH share price target | monthly targets

First down price target 8.42 8.77
Third down price target 7.53 9.9
Fourth down price target 7.5 10.22
Fifth down price target 6.92 11.05
Sixth down price target 6.85 11.13

Is 3i Infotech a MNC?

3i Infotech Ltd (established as ICICI Infotech Ltd) is an Indian IT company, incorporated in 1993….3i Infotech.

Type Public
Traded as BSE: 532628 NSE: 3IINFOTECH
Industry Technology services, IT services Outsourcing
Founded 1993
Area served Worldwide

Who is buying 3i Infotech?

Apax Partners
Apax Partners has agreed to buy the software business of listed IT services company 3i Infotech for ₹1,000 crore, in what would be the first PE buyout of an Indian software company.

Who is promoter of 3i Infotech?

The Shareholding Pattern page of 3i Infotech Ltd. presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc….PREMARKET.

Shareholding Pattern – 3i Infotech Ltd.
Holder’s Name No of Shares % Share Holding
NoOfShares 165436217 100%
Promoters 0 0%
ForeignInstitutions 839599 0.51%

Is 3i Infotech part of Icici?

3i Infotech was incorporated as a wholly owned subsidiary of ICICI and is promoted by ICICI Strategic Investment Fund, according to BSE shareholding data as on March 30.

What is 3i’s target for the next 3 years?

It’s all focused on bottom line, so the bottom line targets the way we are running in three years, we want to hit a 100 crore EBITDA. So obviously we have services business, and the services business was never a mainstream for 3i in the last decade. So, it was a product company, which also did services.

What is the 3i legacy?

The 3I legacy is there that I don’t have to sell three I brand name in the market. There are still customers or been with us and in our ups and downs. So, the positive is we have a long list of customers. Maybe our revenue share has gone down over a period. Now the opportunity for us is to mine these accounts.

Does 3i have a services business?

So obviously we have services business, and the services business was never a mainstream for 3i in the last decade. So, it was a product company, which also did services. We’re just five, six months old.

What is the 3i vision?

The 3i stands for Innovate, Incubate, and Invent so with this background we thought we should have a vision which would probably set the course for us and that is to be a trusted global one-stop digital transformation partner who delivers business excellence and exceptional outcomes to our customers in this new digital decade.