3i Infotech

Deal Struck Between Cerebus and 3i InfoTech

Deal Struck Between Cerebus and 3i InfoTechThere has been a deal signed between the IT firm, 3i InfoTech Limited and a US based firm known as Cerebus Capital Management. This deal has been signed so that there can be the shift of ownership of Global Billing as well as payment unit in affiliation with the latter firm.

The deal has been struck for a sum of USD 137 Million and is one of the major private investment firms of the nation.

3i Infotech to sell US unit for $137 mn

3i Infotech to sell US unit for $137 mnMumbai, May 16 - Indian software services firm 3i Infotech Monday said it had signed an agreement to sell its US-based global billing and payments unit for $137 million to an affiliate of Cerberus Capital Management -- one of the world's leading private investment company.

"3i Infotech Financial Software Inc, a step down subsidiary of 3i Infotech, signed an agreement to sell its US-based global billing and payments unit, consisting of Regulus Group and J&B Software," the Indian firm said in a regulatory statement.

Hold 3i Infotech To Achieve Target Of Rs 54-55

Hold 3i Infotech To Achieve Target Of Rs 54-55Technical analyst Hemant Thukral has maintained 'buy' rating on 3i Infotech Limited stock.

According to analyst, the interested investors can purchase the stock to achieve target of Rs 54-55.

The stock of the company, on April 25, closed at Rs 48 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 14.16 and 3.34 respectively.

The share price has seen a 52-week high of Rs 79 and a low of Rs 40 on BSE.

Buy 3i Infotech With Stop Loss Of Rs 55

Buy 3i Infotech With Stop Loss Of Rs 55Technical analyst Hitesh Chotalia has maintained 'buy' rating on 3i Infotech Limited stock with a target of Rs 60.

According to analyst, the investors can purchase the stock with a stop loss of 55.

The stock of the company, on December 07, closed at Rs 56.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 97.40 and a low of Rs 55.05 on BSE.

Current EPS & P/E ratio stood at 14.56 and 3.88 respectively.

3i Infotech Short Term Buy Call

3i Infotech Short Term Buy CallStock market analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on 3i Infotech stock with a target of Rs 78.

The stock can be bought with stop loss of Rs 66.

According to analyst, the investors can achieve the target within a period of 15-20 days.

Today, the stock of the company opened at Rs 71 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 97.40 and a low of Rs 58 on BSE.

Current EPS & P/E ratio stood at 14.56 and 4.82 respectively.

3i Infotech Limited Buy Call

3i Infotech Limited Buy CallStock market analysts have maintained 'buy' rating on 3i Infotech Ltd with an intraday target of Rs 80.

According to them, interested traders can purchase the stock above Rs 79 with a strict stop loss of Rs 77.50.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 82.

Shares of the company, on Wednesday (Feb 17), closed at Rs 77.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 103 and a low of Rs 25.25 on BSE.

Current EPS & P/E ratio of the stock stood at 14.71 & 5.29 respectively.

3i Infotech Ltd Buy Call: Abhishek Jain, StocksIdea.com

3i infotech is a leading IT company, which provides technology solutions to more than 45 countries across 5 continents to various sectors i. e. Banking, Insurance, Manufacturing, Contracting, Retail & Distribution and Government. Company's quality certifications include SEI CMM Level 5 for its Software business and ISO 9001:2000 for its Infrastructure Services and Business Process Outsourcing (BPO) operations.

3i Infotech consolidated PAT dips 20%

3i-infotech3i Infotech, a global provider of IT solutions and the fourth largest Indian software product company, has reported a fall of 20 per cent in its consolidated profit after tax (PAT) of Rs 57.19 crore for the quarter ended September 30,2009, as against Rs 71.93 crore for the quarter ended September 30,2008.

However, company's consolidated net sales/income has surged to Rs 626.26 crore, up 4.10 per cent, compared with Rs 601.59 over the corresponding quarter of previous fiscal.

3i Infotech ties knot with SBI

3i Infotech ties knot with SBI3i Infotech, an IT solutions provider and software product company, has joined hands with State Bank of India, the country's largest lender, to provide revolutionary Kiosk banking facilities to the rural citizens of India.

Under the agreement, SBI will get access to over 6,000 villages in Tamil Nadu alone through around 2,000 I-SERVE stores of 3i Infotech over a period of time.

3i Infotech ventures into Media & Broadcasting Industry

3i Infotech, 3i Infotech, a global provider of IT solutions and one of India's largest product companies, has finally decided to offer entire range of services to companies engaged in the media and broadcasting industry in the country.   

As a part of the new embarkment, the company will offer a unique value proposition to media and broadcasting companies with best-of-breed products from leading global media and broadcast solution vendors.

The company stated in a communiqué that it would offer its services in the field of media consultancy services, system integration services and integrated media solutions.     




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