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| Exchange Received Time 12/01/2018 19:14:56 Exchange Disseminated Time 12/01/2018 19:15:03 Time Taken 00:00:07 | Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that 3i Infotech Financial Software Inc, a US based step-down subsidiary of the Company has been merged into 3i Infotech Inc, another US based step-down subsidiary of the Company effective December 31, 2017.
The said merger was approved by the Division of Corporations of the State of Delaware on January 8, 2018, the intimation of which was received by the Surviving Corporation on January 11, 2018.
All of the assets and liabilities of 3i Infotech Financial Software Inc have been assumed by 3i Infotech Inc as the Surviving Corporation. There is no cash consideration involved in the said merger.
The intent of the merger was to effect a tax-free re-organisation under all applicable laws.
Request you to take this on record and display on your website.
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