3i Infotech up 5% on NSE amid stake sale reports
Shares 3i Infotech today surged 5 per cent on the NSE amid reports that the parent ICICI Group is in talks to sell its entire stake in the software services firm.
By PTI |
MUMBAI: Shares 3i Infotech today surged 5 per cent on the NSE amid reports that the parent ICICI Group is in talks to sell its entire stake in the software services firm.
3i Infotech, however, today informed stock exchanges that it is not aware of any move by ICICI Group to sell their stake in the company.
The scrip settled the day at Rs 89.30, up 5 per cent from its previous close on the National Stock Exchange.
A similar movement in the stock was seen on the Bombay Stock Exchange, where 3i Infotech closed at Rs 88.95, up 4.40 per cent.
Over 11.36 crore shares changed hands on the two bourses. While the Group's flagship entity, ICICI Bank gained 1.28 per cent on the BSE to close at Rs 872.05.
At the end of September quarter, ICICI Bank and ICICI Strategic Investments Fund held a 6.79 per cent and 23.18 per cent stake respectively in 3i Infotech.
3i Infotech provides software products, IT services and BPO services for a variety of industry verticals, including insurance, banking, manufacturing and retail.
The stock markets barometer Sensex today closed with a gain of 244.54 points at 17,227.68.
3i Infotech, however, today informed stock exchanges that it is not aware of any move by ICICI Group to sell their stake in the company.
The scrip settled the day at Rs 89.30, up 5 per cent from its previous close on the National Stock Exchange.
A similar movement in the stock was seen on the Bombay Stock Exchange, where 3i Infotech closed at Rs 88.95, up 4.40 per cent.
Over 11.36 crore shares changed hands on the two bourses. While the Group's flagship entity, ICICI Bank gained 1.28 per cent on the BSE to close at Rs 872.05.
At the end of September quarter, ICICI Bank and ICICI Strategic Investments Fund held a 6.79 per cent and 23.18 per cent stake respectively in 3i Infotech.
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3i Infotech provides software products, IT services and BPO services for a variety of industry verticals, including insurance, banking, manufacturing and retail.
The stock markets barometer Sensex today closed with a gain of 244.54 points at 17,227.68.
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